{"data":{"id":"us-nj/n.j.-stat.-40a-2-48","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:2-48","heading":"Self-liquidating utility deficits","body":"The amount of the deficit in the income of a self-liquidating municipal public utility applicable to interest and debt redemption, or the prospective amount of such deficit as determined by the local government board or, in the case of a project undertaken pursuant to the urban redevelopment law, the Division of Planning and Development in the Department of Conservation and Economic Development, shall be capitalized at 5% and the capital sum so determined shall not be deductible from the gross debt.\nL.1960, c. 169, s. 1, eff. Jan. 1, 1962.","path":["TITLE 40A 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":"ecb6b8645364ff6383f51b93d914288b21043d4ed4f002d06c2da3d89377fd7f","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-2-47","next":"us-nj/n.j.-stat.-40a-2-49"},"notice":"GroundRules: Original legal text. Not legal advice."}