N.J. Stat. § 40A:4-27
Current through L. 2023, c. 349.
A local unit may anticipate as a miscellaneous revenue the total amount of all payments due and payable to the local unit during the fiscal year, directly or indirectly as a result of the sale of property by the local unit, when the obligation to make such payment is entered into prior to the adoption of the budget.
N.J.S. § 40A:4-27