40A:7-5 - Committee to ascertain and report amount of indebtedness paid by annexing county - New Jersey Statutes

40A:7-5.  Committee to ascertain and report amount of indebtedness paid by annexing county
    At the meeting the committee shall proceed to ascertain a. the entire amount  of the indebtedness of the county from which the annexed territory is taken;   b. the amount of money in the treasury of the county applicable to the payment  thereof;  c. the amount of uncollected taxes and other claims due the county  which are deemed to be collectible;  d. such other information as shall be  necessary to enable the committee to make a just and equitable division of the  indebtedness and assets between the counties.

    The committee shall thereupon ascertain the amount of the indebtedness of the county from which the annexed territory is taken that should be paid by the  county to which the territory is annexed, and how much of the taxes and claims  due the county from which the territory is taken should be paid over to the  county to which the territory is annexed, and when the payment should be made.

     L.1979, c. 181, s. 2, eff. Aug. 29, 1979.