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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 27D

52:27D-118.39. General fiscal oversight over recipient of discretionary aid

79 words·~1 min read·/nj/title-52/chapter-27d/52-27d-118-39·

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8. The board shall exercise general fiscal oversight over a municipality that receives discretionary aid pursuant to this act and may:
a. Require the director to return a budget if it is determined that the local tax burden is unreasonably high;
b. Require the inclusion of line items supporting budget detail; and
c. Permit the cancellation of appropriation reserves on the same schedule as transfers, with a revised annual financial statement forwarded to the director upon the cancellation.
L.1991,c.63,s.8.
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