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N.J. Stat. § 38A:12-7

Use of proceeds

New Jersey · New Jersey Statutes Title 38A — Military and Veterans Law · Status: effective

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N.J. Stat. § 38A:12-7, Use of proceeds, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1463014
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38A:12-7. The proceeds of any sale made pursuant to N.J.S.38A:12-6 shall be deposited as received with the State Treasurer and maintained by him in a separate account. Moneys credited to such an account shall be appropriated and used for the purchase of real property or for the construction, alteration, or renovation of buildings for the use of the militia.