{"data":{"id":"us-nj/n.j.-stat.-app.a-4-13","jurisdiction":"us-nj","citation":"N.J. Stat. § App.A:4-13","heading":"Disposition of water system revenues to meet bonds issued pursuant to contract with federal government","body":"1.  Any city, borough, town, township or village or other municipality in this state (hereinafter referred to as  \"municipality\" ), in any contract which  such municipality may make with the United States through the federal emergency  administrator of public works, or such other federal agency as may be created  or designated under laws of the United States heretofore or hereafter enacted  relating to the issuance of bonds or other obligations to the United States, is  hereby authorized and empowered to agree as to the disposition of the revenues  of any waterworks system owned by it and of any additions, improvements and  extensions to such waterworks system, and to agree to reserve, set aside and  use such revenues only for the payment of the principal and interest of the  bonds of said municipality which have been heretofore and which may hereafter  be issued by such municipality for the financing of the acquisition or  construction, of such waterworks system and of any part thereof and of any  additions, improvements and extensions; provided, the expenses of operating  and maintaining such waterworks system be first paid out of such revenues.  The city, town, township or village treasurer or borough collector-treasurer as the  case may be, of any municipality making any such agreement, or such other  officer or officers of such municipality as may have charge of the finances of  such waterworks system, shall thereafter dispose of such revenues in accordance  with the terms and provisions of such agreement with the United States and,  after deducting the expenses of operating and maintaining such waterworks  system shall apply such revenues to the payment of the principal and interest  of all such bonds, before using any part of such revenues for any other  purpose. Any bonds or notes which are or shall be general obligations of a municipality shall not by reason of this act cease to be general obligations of  such municipality;  nothing herein shall be construed as affecting the debt  limit of any such municipality as now or hereafter fixed by law.\n(L.1933, c. 450, s. 1, p. 1249.)","path":["TITLE 59 CLAIMS AGAINST PUBLIC ENTITIES"],"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":"07db833a57c0bccaabce2a91ceab3a5016d8ade8ba54f3f677cdd734ff70dd4e","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-app.a-4-12.3","next":"us-nj/n.j.-stat.-app.a-4-14"},"notice":"GroundRules: Original legal text. Not legal advice."}