N.J. Admin. Code § 5:30-15.1

Current through Register Vol. 56, No. 11, June 3, 2024

Section 5:30-15.1 - Purpose and authority

(a) The purpose of this subchapter is to authorize and establish procedures for local government units to follow in accounting for accumulated absences and for the payment of employees on the basis of such absences, and in establishing reserves for compensated absences.

(b) This subchapter is promulgated pursuant to the authority of the Local Finance Board under N.J.S.A. 52:27BB-10, which empowers the Board to promulgate reasonable rules for the interpretation and administration of State laws included within the jurisdiction of the Division of Local Government Services, and N.J.S.A. 52:27BB-28, which empowers the Board to promulgate rules for the proper use of uniform accounting systems and for proper accounting methods.