N.J. Admin. Code § 5:30-7.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:30-7.1 - Authority

(a) Pursuant to N.J.S.A. 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.