{"data":{"id":"us-nj/n.j.-stat.-40-61-22.5","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:61-22.5","heading":"Use of proceeds of sale or lease","body":"The proceeds of the sale or leasing of any property under this act shall be  used for the retiring of any bonds issued for the purchase or improvement of  such property or to reduce taxes.\nL.1938, c. 87, p. 206, s. 4, eff. April 4, 1938.","path":["TITLE 40 MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"05db79173397bbdc14be83d708f5fd51df0544838052b7ca82b0f5542e978f0b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-61-22.4","next":"us-nj/n.j.-stat.-40-61-22.6"},"notice":"GroundRules: Original legal text. Not legal advice."}