40:62-34 - Income not part of municipal funds; management; inapplication of "local budget law" - New Jersey Statutes

40:62-34.  Income not part of municipal funds;  management; inapplication of  "local budget law"    The income herein referred to shall not be deposited in the municipal treasury and shall not become a part of the general finances of the municipality and shall not be required to be withdrawn by ordinance.  The ordinance herein provided or any amendment thereto shall provide for all necessary regulations safeguarding the collection and expenditure of such funds.

    It is the intention of sections 40:62-27 to 40:62-34 of this Title to enable  the municipality to operate such station or hall in the businesslike manner  similar to the methods that would be employed if the station or hall was  operated by a private and not a municipal corporation, and that the provisions  of chapter two of Title 40 of the Revised Statutes, the  "local budget law,"  Revised Statutes 40:2, and any amendments or supplements thereto, shall not be  deemed to apply to such station or hall.

     Amended by L.1939, c. 38, p. 55, s. 2, eff. April 13, 1939.