reglab/housing_qa huggingface dataset:
NJ Rev Stat § 52:27D-118.25 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.25 - Findings, declarations.

52:27D-118.25 Findings, declarations.  2. The Legislature finds that certain large and small municipalities in this State experience fiscal distress as a result of insufficient collection of tax revenues, insufficient collection of other revenues, over-anticipation of revenues of prior years, or from other causes; that these municipalities function within stringent budgetary constraints, straining their revenue sources to provide basic public services for their residents; that these municipalities may benefit from the expertise of the State in recommending fiscal recovery measures designed to alleviate the fiscal distress they are currently experiencing; and that short-term State assistance, in the form of State grants and loans, may provide the temporary revenue bridge these few municipalities need in order to overcome their current difficulties and regain their financial stability.  The Legislature, therefore, declares that it is fitting and proper, and within the public interest, to provide loans and grants to certain municipalities experiencing budgetary difficulties in generating adequate local revenues in order to assist those municipalities not only in meeting their immediate budgetary needs, but also to enable them to regain their financial stability. L.1987,c.75,s.2; amended 1999, c.156, s.1.
NJ Rev Stat § 52:27D-118.26 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.26 - Definitions.

52:27D-118.26 Definitions.  3. As used in this act:  "Board" means the Local Finance Board of the Division of Local Government Services in the Department of Community Affairs. "Director" means the Director of the Division of Local Government Services in the Department of Community Affairs. "Eligible municipality" means a municipality that is qualified to receive assistance under P.L.1978, c.14 (C.52:27D-178 et seq.), a municipality under the supervision of the Local Finance Board pursuant to the provisions of the "Local Government Supervision Act (1947)," P.L.1947, c.151 (C.52:27BB-1 et seq.), a municipality that has issued qualified bonds pursuant to the provisions of the "Municipal Qualified Bond Act," P.L.1976, c.38 (C.40A:3-1 et seq.), or a municipality identified by the director to be facing serious fiscal distress.L.1987,c.75,s.3; amended 1999, c.156, s.2.
NJ Rev Stat § 52:27D-118.27 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.27 - Short-term financial assistance

52:27D-118.27. Short-term financial assistance  The moneys appropriated in section 9 of this act may be used to provide short-term financial assistance to eligible municipalities to enable them to meet their immediate budgetary needs and regain their financial stability, affording them an opportunity to develop, revive and expand their economic bases. The financial assistance provided shall include, but not be limited to, loans, loan guarantees, and grants. The form, amount and terms of the financial assistance, including whether or not any loan shall be repaid with interest and if so, the rate of interest, shall be determined by the Local Finance Board. All loans, along with the interest thereon, if any, shall be repaid by the recipient municipality to the State on the date or dates specified by the Local Finance Board.  L. 1987, c. 75, s. 4.
NJ Rev Stat § 52:27D-118.28 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.28 - Finding of fiscal distress; notification; review.

52:27D-118.28 Finding of fiscal distress; notification; review.  5. Whenever the director, during the exercise of the director's duty under the provisions of the "Local Budget Law," N.J.S.40A:4-1 et seq., to examine each local budget, or upon the basis of any other information and data available to the director, shall find that an eligible municipality is experiencing fiscal distress and may require assistance under P.L.1987, c.75 (C.52:27D-118.24 et seq.), the director shall notify the Local Finance Board of the director's finding. The director's finding of fiscal distress in an eligible municipality may be based on the municipality's tax rate, cash deficit, insufficient percentage of tax collections, insufficient collection of other revenues, over-anticipation of the revenues of prior years, non-liquidation of interfund transfers, reliance on emergency authorizations, continual rollover of tax anticipation notes, or other factors indicating a constrained ability to raise sufficient revenues to meet its budgetary requirements. At a time and place determined by the director, the governing body of the eligible municipality, and any other interested parties the director may deem appropriate, shall meet to review the implementation of the provisions of P.L.1987, c.75 (C.52:27D-118.24 et seq.). The review shall include, but not be limited to: a. The director's assessment of the difference between the eligible municipality's revenue needs for the current local budget year and its revenue raising capacity for the current local budget year; b. The actions the governing body of the eligible municipality intends to take in the current local budget year to meet the municipality's revenue needs; and c. The actions the governing body intends to take to expand the eligible municipality's local revenue generating capacity for subsequent local budget years. After the review has taken place, the director shall notify the board of the findings of the review and shall recommend to the board actions necessary to be taken by the municipality, which may include the provision of short-term financial aid. L.1987,c.75,s.5; amended 1999, c.156, s.3.
NJ Rev Stat § 52:27D-118.30 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.30 - Notice

52:27D-118.30. Notice  Whenever the board shall determine to provide financial assistance to an eligible municipality pursuant to the provisions of this act, the board shall forthwith notify the Governor, the President of the Senate, the Speaker of the General Assembly and the State Treasurer. The notice shall set forth:  a. The municipality's eligibility for a payment of financial assistance under the provisions of this act;  b. The board's determination of the amounts of financial assistance to be paid to that eligible municipality;  c. The form, amount and terms of the financial assistance, including whether or not any loan shall be repaid with interest and, if so, the rate of that interest, and the factors considered by the board in making those determinations;  d. The actions the governing body of the eligible municipality intends to take in the current local budget year to meet the municipality's revenue needs;  e. The actions the governing body intends to take to expand the eligible municipality's local revenue generating capacity for subsequent local budget years; and  f. Any other information or data the board deems appropriate and necessary.  L. 1987, c. 75, s. 7.
NJ Rev Stat § 52:27D-118.30c (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.30c - Transfers authorized to provide loan.

52:27D-118.30c Transfers authorized to provide loan.  8. The State Treasurer, in consultation with the Commissioner of the Department of Community Affairs, is empowered to direct the Director of the Division of Budget and Accounting to transfer from any State department to any other State department sums as may be necessary to provide a loan for a term not to exceed 30 days to a municipality faced with a fiscal crisis, including but not limited to a potential default on tax anticipation notes. Extension of a loan shall be conditioned on the municipality being an "eligible municipality" pursuant to P.L.1987, c.75 (C.52:27D-118.24 et seq.). L.1999,c.156,s.8.
NJ Rev Stat § 52:27D-118.31 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.31 - Appropriation by municipality; anticipation in budget

52:27D-118.31. Appropriation by municipality; anticipation in budget  The financial assistance provided to an eligible municipality pursuant to the provisions of this act shall be appropriated by the municipality in compliance with the provisions of the "Local Budget Law," N.J.S. 40A:4-1 et seq.  Notwithstanding any provisions of the "Local Budget Law," N.J.S. 40A:4-1 et seq., any eligible municipality receiving a payment of financial assistance pursuant to the provisions of this act may anticipate the receipt of the amount of financial assistance certified to it by the director and may file any amendment or corrections in its local budget as may be required to reflect that certified amount in its budget.  L. 1987, c. 75, s. 8.
NJ Rev Stat § 52:27D-118.32 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.32 - Short title

52:27D-118.32. Short title  Sections 1 through 12 of this act shall be known and may be cited as the "Supplemental Municipal Property Tax Relief Act."  L.1991,c.63,s.1.
NJ Rev Stat § 52:27D-118.33 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.33 - Definitions

52:27D-118.33. Definitions  As used in this act: "Board" means the Local Finance Board of the Division of Local Government Services in the Department of Community Affairs.  "Director" means the Director of the Division of Local Government Services in the Department of Community Affairs.  "Equalized tax rate" means the total tax levy on which the tax rate is computed for a municipality as shown in the table of aggregates for the pretax year prepared pursuant to R.S.54:4-52, divided by the equalized valuation of property exclusive of Class II railroad property as shown in the table of equalized valuations for the pretax year prepared pursuant to P.L.1954, c.86 (C.54:1-35.1 et seq.).  "Municipal per capita income" means the money income of a municipality for the most recent year prior to the budget year as reported by the Bureau of the Census divided by the population of the municipality according to the most recent federal decennial census.  "State per capita income" means the money income of the State for the most recent year prior to the budget year as reported by the Bureau of the Census divided by the State population according to the most recent federal decennial census.  "Statewide aggregate equalized tax rate" means the sum of the total tax levies on which the tax rates are computed for all municipalities in the State as shown in the table of aggregates for the pretax year prepared pursuant to R.S.54:4-52, divided by the sum of equalized valuations of property of all municipalities in the State exclusive of Class II railroad property as shown in the table of equalized valuations for the pretax year prepared pursuant to P.L.1954, c.86 (C.54:1-35.1 et seq.).  L.1991,c.63,s.2.
NJ Rev Stat § 52:27D-118.34 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.34 - Distributions of aid

52:27D-118.34. Distributions of aid  The director shall on or before December 31, 1991 and annually thereafter make distributions of "Supplemental Municipal Property Tax Relief Act" aid, in amounts determined as follows:  a. (1) To municipalities having an equalized tax rate at least twice the Statewide aggregate equalized tax rate, an amount equal to $72.76 per capita.  (2) To municipalities having an equalized tax rate greater than the Statewide aggregate equalized tax rate and less than twice the Statewide aggregate equalized tax rate, an amount equal to $42.75 per capita.  (3) To municipalities having an equalized tax rate equal to or greater than 75% of the Statewide aggregate equalized tax rate but not greater than the Statewide aggregate equalized tax rate, an amount equal to $31.83 per capita.  (4) To municipalities having an equalized tax rate less than 75% of the Statewide aggregate equalized tax rate, an amount equal to $22.73 per capita.  b. In addition to the amount determined pursuant to subsection a. of this section, any municipality with a municipal per capita income less than 50% of the Statewide per capita income shall receive $45.48 per capita.  c. The most recent federal decennial census shall be used to determine municipal population for the distribution of per capita aid pursuant to this section.  L.1991,c.63,s.3.
NJ Rev Stat § 52:27D-118.35 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.35 - Distributions of extraordinary aid.

52:27D-118.35 Distributions of extraordinary aid.  4. The director shall on or before December 31, 1991 and annually thereafter make distributions of "Supplemental Municipal Property Tax Relief Act" extraordinary aid. The director shall annually notify the chief financial officer of each municipality, other than a municipality that received $500,000 or more in regular grant financial assistance in the prior year pursuant to the "Special Municipal Aid Act," P.L.1987, c.75 (C.52:27D-118.24 et seq.), that, in addition to State aid provided pursuant to section 3 of P.L.1991, c.63 (C.52:27D-118.34), the municipality is eligible to apply for "Supplemental Municipal Property Tax Relief Act" extraordinary aid. The municipality may apply to the board for financial assistance pursuant to this section on forms promulgated by the director. L.1991,c.63,s.4; amended 1999, c.156, s.6.
NJ Rev Stat § 52:27D-118.36 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.36 - Selection of recipients of extraordinary aid.

52:27D-118.36 Selection of recipients of extraordinary aid.  5. The director shall select among the municipalities that have applied for extraordinary aid pursuant to section 4 of P.L.1991, c.63 (C.52:27D-118.35) and shall forward to the board the list of selected municipalities along with the amount of financial assistance to be paid to each municipality. The director in selecting among those eligible municipalities for payment of extraordinary aid shall use criteria which shall include: a. whether a municipality is experiencing fiscal distress, whether the cost of providing municipal services is extraordinarily high, and whether the tax base is inadequate to meet property tax demands; b. whether a municipality will use the extraordinary aid for costs associated with activities that improve operations and provide short-term and long-term property tax savings, including but not limited to shared and regionalized services, enhanced tax and revenue collection efforts and other activity that can be demonstrated to meet those requirements; or c. whether a municipality has incurred other unusual or atypical expenses. L.1991,c.63,s.5; amended 1999, c.156, s.7.
NJ Rev Stat § 52:27D-118.37 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.37 - Change in municipal budget, required documentation

52:27D-118.37. Change in municipal budget, required documentation  For each municipality receiving discretionary aid pursuant to this act, the director:  a. Shall have the authority to increase, decrease, add or delete revenues and expenditures from the budget of the municipality based on the municipality's experience and prudent fiscal management; and  b. May require documentation, schedules and estimates related to the municipal budget.  L.1991,c.63,s.6.
NJ Rev Stat § 52:27D-118.38 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.38 - Remedial orders issued to recipient of discretionary aid

52:27D-118.38 Remedial orders issued to recipient of discretionary aid  a. The board may issue remedial orders to a municipality receiving discretionary aid pursuant to this act directing it to:  (1) Maximize revenues; (2) Maximize surplus to a prudent level; (3) File schedules along with the budget showing municipal revenues not anticipated;  (4) Add municipal revenues to the budget not anticipated; (5) Maximize its tax collection rate in order to minimize its reserve for uncollected taxes, using prudent fiscal practices;  (6) Reduce appropriations deemed by the board to be excessive; and (7) Undertake other appropriate activities consistent with this section to reduce property taxes.  b. The board shall require, as a condition for the release of discretionary aid funds to a municipality, that the director certify that a municipality has complied with remedial orders issued by the board.  L.1991,c.63,s.7.
NJ Rev Stat § 52:27D-118.39 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.39 - General fiscal oversight over recipient of discretionary aid

52:27D-118.39. General fiscal oversight over recipient of discretionary aid  8. The board shall exercise general fiscal oversight over a municipality that receives discretionary aid pursuant to this act and may: a. Require the director to return a budget if it is determined that the local tax burden is unreasonably high; b. Require the inclusion of line items supporting budget detail; and c. Permit the cancellation of appropriation reserves on the same schedule as transfers, with a revised annual financial statement forwarded to the director upon the cancellation. L.1991,c.63,s.8.
NJ Rev Stat § 52:27D-118.40 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.40 - Use of State aid to reduce tax levy

52:27D-118.40. Use of State aid to reduce tax levy  State aid provided pursuant to sections 3 and 4 of this act shall be used solely and exclusively by each municipality for the purposes of reducing the amount the municipality is required to raise by local property tax levy for municipal purposes. In the event that the amount of State aid provided pursuant to sections 3 and 4 of this act exceeds the amount required to be raised by local property tax levy for municipal purposes, the balance of the State aid shall be used to reduce the amount the municipality is required to raise by local property tax levy for county purposes, notwithstanding the provisions of any law to the contrary. The director shall certify that each municipality has complied with this section. If the director finds that State aid provided pursuant to this act is not used by a municipality solely and exclusively to reduce the amount required to be raised by local property tax levy, the director shall direct that the municipal governing body make corrections to its budget.  L.1991,c.63,s.9.
NJ Rev Stat § 52:27D-118.41 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.41 - Fund recipients may anticipate State aid

52:27D-118.41. Fund recipients may anticipate State aid  Notwithstanding any provisions of the "Local Budget Law," N.J.S.40A:4-1 et seq., any municipality that receives funds pursuant to this act may anticipate the receipt of the amount of State aid as shall be certified to it by the director and may file any amendment or corrections in its local budget as may be required to properly reflect that State aid.  L.1991,c.63,s.10.
NJ Rev Stat § 52:27D-118.42 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.42 - Rules, regulations

52:27D-118.42. Rules, regulations  The director shall promulgate rules and regulations in accordance with the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) to effectuate the purposes of sections 2 through 10 of this act.  L.1991,c.63,s.11.
NJ Rev Stat § 52:27D-118.42a (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.42a - State oversight of municipalities in the Transitional Aid to Localities program.

52:27D-118.42a State oversight of municipalities in the Transitional Aid to Localities program.  1. a. The Director of the Division of Local Government Services in the Department of Community Affairs shall determine conditions, requirements, orders, and oversight for the receipt of any amount of grants, loans, or any combination thereof, provided to any municipality through the Transitional Aid to Localities program or any successor discretionary aid programs for municipalities in fiscal distress. Conditions, requirements, or orders deemed necessary by the director may include, but not be limited to, the implementation of government, administrative, and operational efficiency and oversight measures necessary for the fiscal recovery of the municipality, including but not limited to requiring approval by the director of personnel actions, professional services and related contracts, payment in lieu of tax agreements, acceptance of grants from State, federal or other organizations, and the creation of new or expanded public services.  b. An additional amount not to exceed one percent of the amount appropriated in any State Fiscal Year beginning on or after July 1, 2012 for the Transitional Aid to Localities program or any successor discretionary aid programs for municipalities in fiscal distress shall be appropriated for administrative costs of that program, and for administrative costs associated with the oversight of any municipalities under State supervision pursuant to Article 4 of the "Local Government Supervision Act (1947)," P.L.1947, c.151 (C.52:27BB-54 et seq.), subject to the approval of the Director of the Division of Budget and Accounting in the Department of the Treasury. L.2011, c.144, s.1.
NJ Rev Stat § 52:27D-118.43 (2021)
2021 New Jersey Revised Statutes|Title 52 - State Government, Departments and Officers|Section 52:27D-118.43 - "Adopt a Municipality Program."

52:27D-118.43 "Adopt a Municipality Program."  12. a. This section shall be known and may be cited as the "Adopt a Municipality Program." b. The Commissioner of Community Affairs shall establish a business advisory board. The commissioner shall chair the board and shall appoint to the board members who represent private businesses and nonprofit entities that are interested and willing to contribute services and resources to municipalities. Members of the board shall serve three-year terms without compensation. The commissioner shall appoint a program coordinator who shall administer the "Adopt a Municipality Program."  c. The board shall encourage and coordinate municipal-business partnership. The board shall solicit municipalities and business and nonprofit entities to participate in the program. The board shall compile a list of municipal needs and circulate the list among businesses and nonprofit entities. Support of "adopted" municipalities by businesses and nonprofit entities that participate in the program may include, but shall not be limited to, the supplying of services, personnel, materials and funding. Businesses entering into the "Adopt a Municipality Program" shall not seek reimbursement for any donation of time, money, materials or personnel from the State or any subdivision thereof.  d. Contributions provided under this section by local businesses shall in no way affect the amount of State aid to which a municipality is entitled. e. Acceptance of services, personnel, material or funding by a municipality pursuant to the "Adopt a Municipality Program" shall be subject to the applicable provisions, if any, of the "Local Government Ethics Law," P.L.1991, c.29 (C.40A:9-22.1 et seq.) and the "Local Public Contracts Law," P.L.1971, c.198 (C.40A:11-1 et seq.). L.2001,c.342,s.12.