N.J. Stat. § 52:27BBBB-8

Current through L. 2023, c. 336.

Section 52:27BBBB-8 - Initiative, referendum approved by voters deemed advisory; exceptions

In a municipality in need of stabilization and recovery, any initiative approved by the voters of the municipality pursuant to section 17-35 of P.L. 1950, c.210 (C.40:69A-184) and any referendum approved pursuant to section 17-36 of P.L. 1950, c.210 (C.40:69A-185) shall be advisory only and may be followed, or disregarded, by the Local Finance Board and the director in their discretion. The provisions of this section shall not apply to a referendum approved pursuant to section 11 of P.L. 2016, c. 4(C.52:27BBBB-9).

N.J.S. § 52:27BBBB-8

Added by L. 2016, c. 4,s. 10, eff. 5/27/2016.