40A:4-48. Emergency appropriations not exceeding, with other appropriations, 3% of the operating appropriations

117 words·~1 min read·/nj/title-40a/chapter-4/40a-4-48

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

An emergency appropriation which, together with all prior emergency appropriations made during the same year, does not exceed 3% of the total of current and utility operating appropriations made in the budget adopted for that year shall be made as follows:

a. The governing body shall, by resolution adopted by not less than 2/3 vote of its full membership, declare that an emergency exists requiring a supplementary appropriation.

b. The resolution shall be in the form and content prescribed by the local government board and shall set out the nature of the emergency in full.

c. A copy of the resolution shall be filed forthwith with the director.

L.1960, c. 169, s. 1, eff. Jan. 1, 1962.