{"data":{"id":"us-nj/n.j.-stat.-40a-4-65","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:4-65","heading":"Application of proceeds","body":"The proceeds of the sale of tax anticipation notes, unless used to pay outstanding notes issued in anticipation of the collection of taxes of the same  fiscal year, shall be applied only to purposes provided for in the budget or  for which taxes are levied or to be levied for such year, and shall not be  applied to any other purpose.\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":"3f1f19e8618742c115bf07ed784e421cfade8587fe24d7eccc494ee25a29b3c8","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-4-64","next":"us-nj/n.j.-stat.-40a-4-66"},"notice":"GroundRules: Original legal text. Not legal advice."}