The governing body of any county in which a county historical commission is established pursuant to this act is authorized to issue bonds for the purpose of assisting the commission in acquiring in its name or the name of the county and preserving historic buildings. In addition, the governing body is authorized to appropriate for the use of the commission moneys as may be raised from revenue producing properties owned or operated by the commission. The provisions of this section shall be effectuated in accordance with the provisions of the “Local Bond Law,” N.J.S. 40A:2-1 et seq., “Local Budget Law,” N.J.S. 40A:4-1 et seq. and the “Local Fiscal Affairs Law,” N.J.S. 40A:5-1 et seq.

L. 1987, c. 255, s. 7.