N.J. Stat. § 52:27BB-83
Current through L. 2023, c. 320.
In a municipality not operating on a full cash basis, the treasurer shall place such moneys, paid to him pursuant to section 82 of this act, in a separate "liquidation fund." The director may apply the proceeds of the "liquidation fund" to the payment of obligations placed under his administration.
N.J.S. § 52:27BB-83