New Jersey Acts Saved from Repeal ACTS SAVED 27 § 11-7(9)

9. The proceeds realized from the sale of the bonds, exclusive of accrued interest and premiums received and interest from deposits received from depositories, shall be paid to the state treasurer and held by him in a separate fund, and deposited in such depositories as may be selected by him, which shall be known as the “state highway fund”, which fund is hereby specifically dedicated to the purpose of constructing, improving, reconstructing and rebuilding the state highway system, as now authorized by law, or portions thereof, including bridges thereon which are a part thereof. All accrued interest and premiums from the sale of bonds, excepting as hereinafter directed, together with interest received from deposits of such funds, shall be paid into the sinking fund hereby created and classed as earnings of such sinking fund for the year in which they are received.