S226 — Establishes that passenger vehicles other than police vehicles have a useful life of five years and allows local units to bond for such vehicles.

S226 — Establishes that passenger vehicles other than police vehicles have a useful life of five years and allows local units to bond for such vehicles. · Informed CitizenryThis bill amends N.J.S.40A:2-22 to establish that passenger vehicles, excluding police vehicles, have a useful life of five years when purchased new. This change is intended to allow counties and m…Open in Informed Citizenry