40A:2-21. Minimum period of usefulness
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/nj/title-40a/chapter-2/40a-2-21A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No local unit shall authorize obligations for any improvement or purpose having a period of usefulness of less than 5 years.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.