108 chapters · 4,343 sections in this title.
N.J.S.A. 52:27BB-54 Purpose of article
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52:27BB-54. Purpose of article The purpose of this article is to make provision for the imposition of special restraints upon municipalities in, or in danger of falling into, unsound financial condition and in this way to forestall serious defaults upon local obligations and demo…
N.J.S.A. 52:27BB-55 Application of article
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52:27BB-55. Application of article The provisions of this article and sections 20 and 21 of this amendatory and supplementary act shall take effect in a municipality when any of the following conditions exists: (1) A default exists in the payment of bonded obligations or notes fo…
N.J.S.A. 52:27BB-56 Determination by the board: Notice and hearing
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52:27BB-56. Determination by the board: Notice and hearing If the director finds in the course of his duties that any of the conditions listed in section 55 of this act exists in a municipality not subject to supervision under sections 52:27-1 to 52:27-66, inclusive, of the Revis…
N.J.S.A. 52:27BB-57 Limitation on debt and other financial liabilities
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52:27BB-57. Limitation on debt and other financial liabilities The board may require that obligations, bonded or otherwise, shall not be issued or authorized by the municipality, including school districts or any special districts except as expressly authorized by the director. T…