GroundRules
N.J. Stat. § 40A:7-17: Indebtedness of annexed municipality apportioned
Where this section sits in the code
- TITLE 40A MUNICIPALITIES AND COUNTIES
The municipality to which the territory shall be annexed, shall be liable to pay a proper proportion of the bonded and other indebtedness of the municipality of which the annexed territory formerly formed a part, which portion of such indebtedness shall be ascertained in the manner hereinafter provided.
L.1979, c. 181, s. 2, eff. Aug. 29, 1979.
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