Town of Boonton, NJ
Morris County
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Table of Contents
Table of Contents
The payment of sewer assessments in installments shall be governed by N.J.S.A. 40:56-35.
Pursuant to N.J.S.A. 40:56-35, the Mayor and Board of Aldermen may establish the period of years over which sewer assessments are to be paid when the local sewer improvement is being financed by the sale of bonds and shall be established as follows:
A. 
When the local sewer improvement is being financed by the sale of bonds, sewer assessments shall be paid in yearly installments over a period of years up to but in no event exceeding the period of years for which the bonds were issued, or for 15 years, whichever is less.
B. 
When the local sewer improvement is being financed through means other than the sale of bonds, sewer assessment shall be paid in yearly installments, not exceeding 10 years.