New Jersey Statutes 40A:4-55.15. Surplus funds; inclusion in annual budget
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Terms Used In New Jersey Statutes 40A:4-55.15
- 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
- budget: means the budget of a local unit. See New Jersey Statutes 40A:1-1
When any such appropriation is financed from surplus funds available, at least 1/3 of the amount thereof shall be included in each succeeding annual budget until the appropriation has been fully provided for.
L.1968, c. 194, s. 3, eff. July 19, 1968.