§ 187-8. Earned interest to become principal.

Latest version.

Any interest earned on moneys in the Library Trust Fund established pursuant to New Jersey law and regulations promulgated by the New Jersey Division of Local Government Services shall not be treated as current revenue but shall become part of the principal within the Library Trust Fund and may be used for the same purpose or purposes by the Library Board as such principal funds are used.

Added 10-14-1992 by Ord. No. 92-15R

                    
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