N.J. Admin. Code § 5:30-7.7

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

Section 5:30-7.7 - Revocation of qualification

(a) The Director may revoke qualification for local examination and assume responsibility for examination if:

1. After notice by the Director, the governing body fails to introduce or adopt the budget on a timely basis;

2. The municipality applies for a budget cap waiver pursuant to N.J.S.A. 40A:4-45.3(ee); or

3. If the introduced budget or subsequent amendments include the sale of a property tax levy if permitted by statute in the previous year.

N.J. Admin. Code § 5:30-7.7