reglab/housing_qa huggingface dataset:
NJ Rev Stat § 40A:4-58 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-58 - Appropriation transfers during last 2 months of fiscal year

40A:4-58. Appropriation transfers during last 2 months of fiscal year  a. Should it become necessary, during the last 2 months of the fiscal year, to expend for any of the purposes specified in the budget an amount in excess of the respective sums appropriated therefor and there shall be an excess in any appropriations over and above the amount deemed to be necessary to fulfill the purpose of such appropriation, the governing body may, by resolution setting forth the facts, adopted by not less than 2/3 vote of the full membership thereof, transfer the amount of such excess to those appropriations deemed to be insufficient; no transfers may be made to appropriations for contingent expenses or deferred charges. b. No transfers may be made under this section from appropriations for 1. contingent expenses, 2. deferred charges, 3. cash deficit of preceding year, 4. reserve for uncollected taxes, 5. down payments, 6. capital improvement fund, 7. interest and redemption charges. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-59 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-59 - Appropriation transfers during first 3 months of succeeding year

40A:4-59. Appropriation transfers during first 3 months of succeeding year  a. If, during the first 3 months of any fiscal year, the amount of any appropriation reserve for the immediately preceding fiscal year is insufficient to pay the claims authorized or incurred during said preceding year which were chargeable to said appropriation, and there shall be an excess in any appropriation reserves over and above the amount deemed to be necessary to fulfill its purpose, the governing body may, by resolution adopted by not less than a 2/3 vote of the full membership thereof, transfer the amount of such excess to an appropriation reserve or an appropriation in the prior budget deemed to be insufficient to fulfill its purpose or for which no reserve was provided. No transfers may be made to appropriation reserve for contingent expenses or deferred charges. b. No transfers may be made under this section from appropriation reserves for 1. contingent expenses, 2. down payments, 3. capital improvement fund. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-60 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-60 - Unexpended balances canceled by resolution

40A:4-60. Unexpended balances canceled by resolution  Any unexpended balances of appropriations may, by resolution of the governing body, be canceled prior to the end of the fiscal year. Said resolution shall set forth the titles of the appropriations and the amounts to be canceled therefrom. At the end of the next succeeding fiscal year, all remaining unexpended balances shall forthwith lapse, and no disbursement shall thereafter be made therefrom, except to cover specific contracts or agreements in existence at the close of such succeeding fiscal year. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-61 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-61 - Assessment revenue fund

40A:4-61. Assessment revenue fund  All receipts derived from special assessments on property specially benefited by any local improvements shall be segregated by the municipality and kept in a separate fund to be known as an "assessment revenue fund." They shall be applied only to the payment of that part of the cost of any such improvements which has been specially assessed on property specially benefited or of any bonds or notes issued to finance such part of the cost of any such improvements until all such bonds or notes shall have been paid. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-62 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-62 - Public utility funds

40A:4-62. Public utility funds  All moneys derived from the operation of publicly owned or operated utility or enterprise and any other moneys applicable to its support, shall be segregated by the local unit and kept in a separate fund which shall be known as "utility fund" and shall bear a further designation identifying the utility or enterprise and, except as provided in section 40A:4-35, shall be applied only to the payment of the operating and upkeep costs, and the interest and debt redemption charges upon the indebtedness incurred for the creation of such utility or enterprise. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-62.1 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-62.1 - Storm recovery reserves; permitted, rules, regulations.

40A:4-62.1 Storm recovery reserves; permitted, rules, regulations.  1. a. (1) A local unit may, by resolution, establish a storm recovery reserve. Unexpended balances budgeted annually for storm recovery may be lapsed into the reserve. Upon passage of a resolution of the governing body, funds in the reserve may be used for any purpose related to storm recovery, including, but not limited to, snow, ice, and debris removal, by the local unit after current budget appropriations for that purpose have been expended. Any reimbursement of these expenditures shall be deposited back into the reserve. (2) Following the declaration of an emergency by the President of the United States or the Governor, a local unit may, by resolution, authorize the use of funds in the reserve for any purpose necessary to protect the safety, security, health, and welfare, of its citizens from the damage caused by the declared emergency. Any reimbursement of these expenditures shall be deposited back into the reserve. (3) Unexpended balances budgeted annually for expenses relating to storm recovery may be lapsed into the reserve. b. The Local Finance Board is authorized to adopt rules and regulations, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), in order to effectuate the purposes of this section. L.2001, c.138, s.1; amended 2013, c.271.
NJ Rev Stat § 40A:4-62.2 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-62.2 - Establishment of mosquito control reserve fund.

40A:4-62.2 Establishment of mosquito control reserve fund.  1. a. A county board of chosen freeholders may, by resolution, establish a mosquito control reserve fund. Unexpended balances budgeted annually for mosquito control may be lapsed into the reserve. Upon passage of a resolution of the board of chosen freeholders, funds in the reserve may be used for any purpose related to mosquito population control by the county after current budget appropriations for that purpose, if any exist, have been expended. b. The Local Finance Board is authorized to adopt rules and regulations, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), in order to effectuate the purposes of this section. L.2015, c.22, s.1.
NJ Rev Stat § 40A:4-63 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-63 - Money in separate funds treated as trust funds

40A:4-63. Money in separate funds treated as trust funds  Moneys held in any separate fund shall be treated by the officers of the local unit as moneys held in trust for the purpose for which such separate fund was created, and no banking institution accepting any such fund as provided for in this chapter shall divert the moneys to any other purpose. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-64 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-64 - Tax anticipation notes

40A:4-64. Tax anticipation notes  In any fiscal year, in anticipation of the collection of taxes for such year, whether levied or to be levied in such year, or in anticipation of other revenues for such year, any local unit may, by resolution, borrow money and issue its negotiable notes, each of which shall be designated "tax anticipation note of 19 " (stating the fiscal year). L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-65 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-65 - Application of proceeds

40A:4-65. Application of proceeds  The proceeds of the sale of tax anticipation notes, unless used to pay outstanding notes issued in anticipation of the collection of taxes of the same fiscal year, shall be applied only to purposes provided for in the budget or for which taxes are levied or to be levied for such year, and shall not be applied to any other purpose. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-66 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-66 - Limitation of amount

40A:4-66. Limitation of amount  The amount of tax anticipation notes of any fiscal year outstanding at any 1 time shall not exceed an amount certified as the gross borrowing power, and no such notes shall be authorized in excess of an amount certified as the net borrowing power, each computed and certified as follows: a. The gross borrowing power in respect to tax anticipation notes of such fiscal year, being 30% of the tax levy of the next preceding fiscal year, for all purposes in the case of a municipality and for county purposes in the case of a county, plus 30% of the amount of miscellaneous revenues realized in cash during the next preceding fiscal year, is $ . b. The amount of notes outstanding in anticipation of the collection of taxes of such fiscal year, except such notes as will be renewed by or paid from the proceeds of the notes to be issued, is $ . c. The net borrowing power, being the excess of the first over the second of the 2 above amounts, is $ . Such certificate shall be made by the financial officer who is designated to sign such notes, filed in the office of the clerk, and quoted in full in the resolution authorizing such notes. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-67 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-67 - Limitation of maturity and renewals

40A:4-67. Limitation of maturity and renewals  40A:4-67. Tax anticipation notes may be renewed from time to time, but all such notes and any renewals thereof shall mature, in the case of municipalities within 120 days after the beginning of the succeeding fiscal year, and in the case of counties not later than June 30 of the succeeding fiscal year.  Amended 1991,c.75,s.23.
NJ Rev Stat § 40A:4-68 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-68 - Interest rate

40A:4-68. Interest rate  Tax anticipation notes shall bear interest at a rate not exceeding 6% per annum. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-69 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-69 - Form, registration and redemption

40A:4-69. Form, registration and redemption  All tax anticipation notes may be in registered form or in coupon form with or without privileges of registration, and may be made redeemable prior to maturity at the option of the local unit at not exceeding par and accrued interest. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-70 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-70 - Recital of borrowing power; authorization

40A:4-70. Recital of borrowing power; authorization  In the text of each tax anticipation note there shall appear in substance the following recital: "This note is issued pursuant to the local budget law and in anticipation of the collection of taxes of the budget year 19 (stating the budget year); the gross borrowing power in respect of such notes, as determined in accordance with said act, is $ (stating the gross borrowing power as shown on the certificate quoted in the resolution authorizing such note); the amount of such notes outstanding, including all notes delivered simultaneously with this note, is $ ." Such recital shall be deemed to be made by any financial officer who signs the note, and his signature to the note shall constitute a declaration to the other officers who sign such note that the recital is correct. Such recital shall constitute conclusive evidence to the holder or holders of such note that the same was fully authorized under and within the powers, limitations and provisions of this chapter. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-71 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-71 - Execution of notes or coupons

40A:4-71. Execution of notes or coupons  All tax anticipation notes shall be executed in the name of the local unit by such financial officer and by such other officer as may be designated by resolution, and shall be under the seal of the local unit and attested by the clerk. Coupons, if any, attached to a note shall be authenticated by the facsimile or manual signature of the financial officer who signs the note. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-72 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-72 - Sale and report of sale

40A:4-72. Sale and report of sale  All tax anticipation notes may be sold at not less than par and accrued interest at private sale without previous public offering, either by resolution of the governing body or by a financial officer authorized to sell such notes by resolution of the governing body. The financial officer making any such sale shall report in writing to the governing body at the next meeting the amount, description, interest rate and maturities of the notes sold, the price obtained and the name of the purchaser, and such report shall be entered in full on the minutes of such meeting. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-73 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-73 - Conclusive presumption of validity of proceedings and notes

40A:4-73. Conclusive presumption of validity of proceedings and notes  Unless a suit, action or proceeding questioning the authorization, sale or execution or otherwise questioning the validity of tax anticipation notes be begun prior to the delivery of such notes, any such notes reciting that they are issued pursuant to this chapter shall, after delivery thereof, be conclusively presumed to be fully authorized by all the laws of this State and to have been sold, executed and delivered by the local unit in conformity therewith. The validity of such notes shall not be questioned by either a party plaintiff or a party defendant, or by the local unit, or any taxpayer thereof, or any other interested party in any court, anything herein or in other statutes to the contrary notwithstanding. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-74 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-74 - Utility anticipation notes

40A:4-74. Utility anticipation notes  40A:4-74. Any local unit which operates or owns a municipal public utility may, pursuant to resolution of the governing body passed by a majority of the full membership thereof, borrow money and issue its negotiable notes to provide funds necessary to operate the utility or enterprise and meet the necessary payments for debt service. Such notes shall be designated as "Utility Revenue Notes of 19.... (stating the year)" . The amount of notes which may be issued in any fiscal year shall not exceed 50% of the revenue from Utility Rents and Miscellaneous Utility Revenues Anticipated in the annual utility budget.  Notes may be renewed from time to time but shall mature not later than 90 days after the close of the fiscal year in which the notes were originally issued.  Borrowing power provided in this section shall be exclusive of and in addition to the borrowing power provided for tax anticipation notes permitted by this chapter.  Amended 1991,c.75,s.24.
NJ Rev Stat § 40A:4-75 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-75 - Liability on notes

40A:4-75. Liability on notes  The power and obligation of a local unit to pay any note or obligation issued pursuant to this chapter shall be unlimited and the local unit shall have power and be obligated to levy ad valorem taxes upon all the taxable property within the local unit for the payment of such notes or obligations and interest thereon, without limitation of rate or amount. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-76 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-76 - Examination of budget

40A:4-76. Examination of budget  The director shall examine the budget filed in his office with reference to all estimates of revenue and to the following appropriations: a. Payment of interest and debt redemption charges. b. Deferred charges and statutory expenditures. c. Cash deficit of preceding year. d. Reserve for uncollected taxes. e. Other reserves and nondisbursement items. The director shall also examine the budget for detail and accuracy of itemization and for compliance as to form, arrangement and content with the provisions of this chapter and the regulations of the local government board. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-77 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-77 - Scope of examination

40A:4-77. Scope of examination  The director shall determine upon the basis of information and data available whether: a. all estimates of revenue are reasonable, accurate and correctly stated; b. items of appropriation are properly set forth; c. in itemization, form, arrangement and content, the budget will permit the exercise of the comptroller function within the local unit; d. the budget complies with the requirements of law and the regulations of the local government board. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-79 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-79 - Certification of director

40A:4-79. Certification of director  Immediately after the making of his examination of the budget, the director shall certify the results of his determination to the governing body. A governing body shall not finally adopt a budget until a certification of approval by the director has been received. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-80 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-80 - Action on disapproved budget

40A:4-80. Action on disapproved budget  If the budget is disapproved, a full statement of reasons with instructions for corrections of the budget shall be transmitted to the local unit with notice of the refusal by the director to approve the same. The certification of disapproval of the director shall be published at least once in a newspaper of general circulation within the local unit. Cost of such publication shall be borne by the local unit. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-81 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-81 - Amendment of disapproved budget

40A:4-81. Amendment of disapproved budget  A governing body shall amend a disapproved budget in accordance with the instructions of the director except that the governing body may petition the local government board for a hearing upon the budget. If a petition for hearing is filed with the local government board, the director shall postpone the time required for final adoption to permit a reasonable opportunity for such hearing and redetermination. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-82 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-82 - Judicial review of local government board's determination

40A:4-82. Judicial review of local government board's determination  If an aggrieved party applies for judicial review of a final determination made by the local government board, the governing body shall, nevertheless, adopt a budget in accordance with the local government board's determination, subject to such subsequent adjustment as may be consonant with the court's decision. If the final decision of the court is adverse to the board's determination, the director shall forthwith, in writing, order the immediate amendment of the budget in accordance with the court's decision. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-83 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-83 - Regulations by the local government board and director

40A:4-83. Regulations by the local government board and director  The local government board and the director may make such rules and regulations as may be necessary to carry out the provisions of this chapter. The director may hold hearings and make such investigations as may be appropriate to the exercise of his powers in accordance with law. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-84 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-84 - Orders of director binding

40A:4-84. Orders of director binding  A final order of the director shall be binding upon the governing body and shall be complied with. The Superior Court may enforce the order in an action instituted by the director. If a governing body fails or refuses to comply with a final order of the director, the members of a governing body who willfully fail or refuse to comply shall each be subject to a personal penalty of $25.00 for each day after the date fixed for final action that failure or refusal to comply continues. The amount of the penalty may be recovered by the director in the name of the State as a personal debt of the member of the governing body, and shall be paid, upon receipt, into the State Treasury. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-85 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-85 - Power to change title or text of appropriation

40A:4-85. Power to change title or text of appropriation  The director may, at the request of the governing body, make such correction of the title, text or amount of any item of appropriation appearing in the adopted budget only as shall be necessary to make said item of appropriation available for the specific purpose or purposes required by the local unit. To this end, the director may limit or approve adjustment of items of appropriations, but no item of appropriation required for debt service, contingent expenses, deferred charges, statutory expenditures, judgments or reserves shall be so reduced or limited. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
NJ Rev Stat § 40A:4-86 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:4-86 - Correction of revenue item

40A:4-86. Correction of revenue item  The director may correct an item of revenue appearing in any adopted budget if any law requires such correction or makes such correction advisable. If such correction shall require that the local purpose levy of the local unit shall be adjusted, the director shall order the correction or adjustment of the local tax levy accordingly, unless the tax rate for the year shall have been struck and shall certify such adjustment to the county board of taxation. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.