Minimum period of usefulness

N.J.S.A. 40A:2-21, under Chapter 2.

N.J.S.A. 40A:2-21

40A:2-21. Minimum period of usefulness

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.