New Jersey Statutes 40A:4-50. Emergencies financed from surplus
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Terms Used In New Jersey Statutes 40A:4-50
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- local unit: means a county or municipality. See New Jersey Statutes 40A:1-1
A local unit may finance any emergency appropriation from surplus funds available, or may borrow money and issue its “emergency notes” as provided for in this chapter to finance any such appropriation.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.