40A:5-12. Annual financial statement and reports of local unit.
205 words·~1 min read·
/nj/title-40a/chapter-5/40a-5-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The chief financial officer of each local unit shall file annually with the director a verified statement of the financial condition of the local unit as of the close of the fiscal year. Such statement shall be filed, upon forms furnished and prescribed by the director, not later than March 10 in the case of a county and a municipality after the close of the calendar fiscal year or not later than August 10 of the State fiscal year in those municipalities which operate on the State fiscal year pursuant to section 2 or 3 of P.L.1991, c.75 (C.40A:4-3.1 or C.40A:4-3.2).
If the official charged with the responsibility of filing fails or refuses to comply with this section and has received an order from the director to do so, the official charged with the responsibility of filing shall be subject to a personal penalty of $100 for each day after the date fixed for final action that failure or refusal to comply continues. The amount of the penalty may be recovered by the director in the name of the State as a personal debt of the official and shall be paid, upon receipt, into the State Treasury.
Amended 1969,c.294; 1977,c.396,s.2; 1991,c.75,s.26; 1994,c.72,s.14; 2025, c.185, s.9.