There is hereby established for the year 2002
and subsequent years a $0.005 per $100 valuation tax, which shall
be dedicated specifically for the acquisition, development and maintenance
of property and lands for recreation and conservation purposes; acquisition
and preservation of farmland and historic properties; and payment
of debt services for purposes allowed in accordance with law. (N.J.S.A.
40:12-15.1 et seq.)
The funds derived from this dedicated tax shall be maintained in a separate fund account and should be utilized only for the purposes authorized pursuant to this chapter and the Act referred to in §
55-4 hereof.
The dedicated tax established by §
55-4 herein shall be shown as a separate line item on each property owner's tax bill and not as a part of the municipal tax rate, in that it is to be a dedicated tax for the purpose set forth above.