New Jersey § 40a:2-62
Full text of New Jersey New Jersey Statutes § 40a:2-62, with citation guidance and answers to common questions.
§ 40a:2-62.
The governing body, by bond ordinance or resolution, may establish a reserve fund
to provide for payment of principal of and interest on any obligations and appropriate
thereto any unappropriated funds arising from other than tax sources, or any other
moneys made or to be made available by budget or otherwise. A certified copy of such ordinance or resolution shall be filed in the office of
the director. The establishment of such fund shall be irrevocable so long as the obligations with
respect to which it was created are outstanding or unpaid. Such fund may be invested in the same manner as other moneys of the local unit unless
otherwise provided.
Frequently Asked Questions About New Jersey § 40a:2-62
What does New Jersey Statutes § 40a:2-62 cover?
Section 40a:2-62 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:2-62?
A common citation format is "New Jersey Statutes § 40a:2-62" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:2-62 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.