New Jersey Statutes 40A:4-55.2. Financing appropriation
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Terms Used In New Jersey Statutes 40A:4-55.2
- 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
Any municipality may finance such appropriation from surplus funds available or may borrow money to finance the same in the manner hereinafter prescribed.
L.1961, c. 22, p. 107, s. 2, eff. May 9, 1961.