52:27D-118.26 Definitions.
125 words·~1 min read·
/nj/title-52/chapter-27d/52-27d-118-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
3. As used in this act:
"Board" means the Local Finance Board of the Division of Local Government Services in the Department of Community Affairs.
"Director" means the Director of the Division of Local Government Services in the Department of Community Affairs.
"Eligible municipality" means a municipality that is qualified to receive assistance under P.L.1978, c.14 (C.52:27D-178 et seq.), a municipality under the supervision of the Local Finance Board pursuant to the provisions of the "Local Government Supervision Act (1947)," P.L.1947, c.151 (C.52:27BB-1 et seq.), a municipality that has issued qualified bonds pursuant to the provisions of the "Municipal Qualified Bond Act," P.L.1976, c.38 (C.40A:3-1 et seq.), or a municipality identified by the director to be facing serious fiscal distress.
L.1987,c.75,s.3; amended 1999, c.156, s.2.