New Jersey § 40a:4-35
Full text of New Jersey New Jersey Statutes § 40a:4-35, with citation guidance and answers to common questions.
§ 40a:4-35.
If, in any year as a result of the operation of such utility or enterprise under the
system of accounting thus directed, there shall be a surplus, or such surplus can
be reasonably anticipated, then such surplus, when authorized by the board or body
controlling the utility or enterprise, may be included in the budget as an item of
miscellaneous revenue, under the caption of “Surplus from ․․․․․․․․․․․․․․․․․․․․․․․․ (designation of the utility fund)”. If, in any year as a result of such operation, there shall be a deficit or an anticipated
deficit, then an appropriation for such deficit shall be included in the budget under
the caption of “Deficit in ․․․․․․․․․․․․․․․․․․․․․․․․․․ (designation of the utility fund)”. If any anticipated deficit shall exceed the appropriation therefor, the excess shall
be provided for in the budget of the following year. This section shall not, however, supersede the specific dedication of receipts from
a utility or enterprise as provided in any law which authorized the establishment
or creation of such utility or enterprise unless so directed by the board or body
controlling the same.
Frequently Asked Questions About New Jersey § 40a:4-35
What does New Jersey Statutes § 40a:4-35 cover?
Section 40a:4-35 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:4-35?
A common citation format is "New Jersey Statutes § 40a:4-35" (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:4-35 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.