N.J. Stat. § 40:5-2.11: Use of parking meter revenues for off-street parking facilities.

1. The board of chosen freeholders of any county and the governing body of any municipality may by resolution appropriate and dedicate all or any portion of the revenues which it derives from parking meters in excess of the cost of purchase, installation, maintenance and operation of said parking meters, to the purposes of creation, purchase, construction and maintenance of off-street parking facilities.

L.1952,c.195,s.1; amended 2001, c.342, s.4.