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Code · New Jersey · Title 54 — Debtor and Creditor · Chapter 1

54:1-54. Inclusion of amount of state aid in municipal budget

82 words·~1 min read·/nj/title-54/chapter-1/54-1-54

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

It shall be lawful in any year for a municipality receiving State aid pursuant to this act, upon notification by the State Treasurer of the amount of State aid to be received, to include an amount equal to such amount in its annual budget or any amendments or supplements thereto. Immediately thereafter, commitments may be made by such a municipality against the amounts so included in its budget or amendments or supplements thereto.
L.1980, c. 12, s. 9, eff. March 18, 1980.
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