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Code · New Jersey · Title 32 — Motor Vehicles · Chapter 22B

32:22B-10. Acceptance of advances; prohibition against borrowing; expenditures

74 words·~1 min read·/nj/title-32/chapter-22b/32-22b-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The commission may accept advances from one or more of the party States or from the Federal Government; but it may not otherwise borrow money nor may it issue notes or bonds. It shall not incur any obligation in excess of the amounts appropriated or otherwise available to it or for its purposes and each of its expenditures shall be within the terms of the annual budget hereinbefore mentioned.
L.1965, c. 12, s. 1.
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