New Jersey Statutes 40A:5A-7. Hearings; findings
Terms Used In New Jersey Statutes 40A:5A-7
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- clerk: means the clerk of a municipality or of a board of chosen freeholders. See New Jersey Statutes 40A:1-1
- Contract: A legal written agreement that becomes binding when signed.
- local finance board: means the Local Finance Board in the Division of Local Government Services in the Department of Community Affairs. See New Jersey Statutes 40A:1-1
- local unit: means a county or municipality. See New Jersey Statutes 40A:1-1
The times set forth in this section may be extended by mutual agreement of the authority and the Local Finance Board.
The members of the governing body of the authority shall, within 45 days of receipt of the Local Finance Board’s findings and recommendations on the proposed project financing, certify, by resolution to the Local Finance Board that each member thereof has personally reviewed the findings and recommendations and has evidenced same by group affidavit signed by a majority of the full membership of the authority in the form prescribed by the Local Finance Board.
Failure to comply with this paragraph may subject the members of the authority to the penalty provisions of section 52 of P.L.1947, c. 151 (C. 52:27BB-52).
L. 1983,c.313, s.7; amended by L. 1987,c.319,s.3.