New Jersey Code § 40:34A-3

Limitation on period of usefulness
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40:34A-3. Limitation on period of usefulness
The period of usefulness of every off-street parking facility for any purpose under the local bond law, whether with respect to original acquisition or construction or subsequent reconstruction, enlargement, alteration, improvement, furnishing, or equipment shall be not greater than 30 years.
L.1972, c. 83, s. 3, eff. July 10, 1972.

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