New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 30 - LOCAL FINANCE BOARD
Subchapter 7 - MUNICIPAL BUDGET LOCAL EXAMINATION AND APPROVAL
Section 5:30-7.1 - Authority
Universal Citation: NJ Admin Code 5:30-7.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Pursuant to 40A:4-78, the Local Finance Board is empowered to adopt criteria relating to municipal exemption from the Director's examination of the annual budget.
(b) This subchapter is to ensure that municipalities participating in the program are financially sound and the temporary elimination of the Director's review of the budget will not expose the municipality to evidence financial risk.
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