[HISTORY: Adopted by the Mayor and Council of the Borough of Palmyra 12-10-1979 by Ord. No. 16-79 (Ch. 64A of the 1971 Code). Amendments noted when applicable.]
The sewer plant and sewer system currently existing in the Borough of Palmyra pursuant to N.J.S.A. 40:63-1 et seq. and governed by Chapter 215, Sewers, of the Borough of Palmyra Code are hereby officially designated as the "Palmyra Sewer Utility."
Editor's Note: N.J.S.A. 40:63-1 to 40:63-22 were repealed by L. 1991, c. 53.
Chapter 215, Sewers, of the Palmyra Code relating to the operation, rules and rates of the sewer system remains in full force and effect and shall hereafter govern the Utility under its new title and status.
The provisions of the Local Budget Law, N.J.S.A. 40A:4-1 et seq., and in particular N.J.S.A. 40A:4-33 through 40A:4-35 and 40A:4-62, shall apply to said Utility, that is, there shall be a separate budget for said Utility and a segregated Utility fund.
The purpose of this chapter is to remove the sewer operations from "final appropriations" of the Borough of Palmyra, as said term is used in N.J.S.A. 40A:4-45.2, and, so as to exclude them from the computation of spending limitations under that statute, it shall be so construed.
The accounting and budget changes mandated by this chapter shall take effect immediately after the close of the 1979 budget year.