New Jersey § acts:saved-27 - (1)

§ acts:saved-27. (1)

1. The revenues and other moneys derived from the sources in this act enumerated shall

be used for the establishment of a state highway system, pursuant to the provisions

of an act entitled “An act to establish a state highway system, and to provide for

the improvement, betterment, reconstruction, resurfacing, maintenance, repair and

regulation of the use thereof” (Revision of 1927). The said revenues being as follows: 1. The balance of the bond issue authorized pursuant to the provisions of an act entitled

“An act for the construction, improvement, reconstruction and rebuilding of the state

highway system; providing for the defraying of the cost of the same by the taxation

of real and personal property in this state, and by the creation of a debt of the

state in an amount not exceeding forty million dollars by the issuance of bonds therefor,

and for the submission of this act to the people at a general election,” approved

March seventeenth, one thousand nine hundred and twenty-two. 2. The tax derived pursuant to the provisions of an act entitled “An act to impose a

tax on the sale of motor vehicle fuels as herein defined, to be paid by the distributors

as herein defined; regulating the sale of such fuels; providing for the collection

of said tax, for reports of sales of such motor fuels, and for the disposition of

the revenue derived from such tax, and fixing penalties for the violation of the terms

thereof,” passed at the legislative session of one thousand nine hundred and twenty-seven. 3. Revenues derived from the federal government, pursuant to the provisions of an act

of congress entitled “An act to provide that the United States shall aid the states

in the construction of rural post roads and for other purposes,” approved July eleventh,

one thousand nine hundred and sixteen, as amended, commonly designated as “federal

aid”. 4. All receipts derived from the registration of motor vehicles and the licensing of

drivers thereof in any year; provided, however, that there shall first be deducted

from the motor vehicle receipts the expenses of the motor vehicle department; the

expenses of the toll bridge commission, the amounts required by virtue of any law

for township aid and county aid; the amount required for the emergency fund and the

amounts necessary for the upkeep and maintenance expense, administration, engineering

and inspection expenses of the state highway department. 5. The excess from any tax levied pursuant to the provisions of an act entitled “An

act for the construction, improvement, reconstruction and rebuilding of the state

highway system; providing for the defraying of the cost of the same by the taxation

of real and personal property in this state, and by the creation of a debt of the

state in an amount not exceeding forty million dollars by the issuance of bonds therefor,

and for the submission of this act to the people at a general election,” approved

March seventeenth, one thousand nine hundred and twenty-two; and further, the excess

from any tax levied pursuant to the provisions of an act entitled “An act for the

construction, improvement, reconstruction and rebuilding of the state highway system,

including bridges, tunnels, viaducts and rights of way as parts thereof; providing

for the defraying of the cost of the same by taxation of real and personal property

in this state, and by the creation of a debt of the state in an amount not exceeding

thirty million dollars by the issuance of bonds therefor, and for the submission of

this act to the people at a general election,” which said act was enacted at the legislative

session of one thousand nine hundred and twenty-seven.