Section 34:1B-199 - Treasurer's recommendations; approval; adoption of ordinance.

NJ Rev Stat § 34:1B-199 (2019) (N/A)

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34:1B-199 Treasurer's recommendations; approval; adoption of ordinance.

10. a. The treasurer may make written recommendations as to any aspect of the ordinance and the plan and any related fiscal matters which in the opinion of the treasurer shall be changed in order to effectuate the plan. The treasurer may condition the approval of the ordinance upon the adoption of the treasurer's recommendations by the municipality.

b. The treasurer shall approve, approve with conditions, or disapprove the ordinance within 60 days of receipt of an application which the treasurer has deemed to be complete. If the treasurer disapproves the ordinance the treasurer shall, within 30 days of signifying disapproval thereof, set forth reasons in writing for the disapproval. The municipality may amend the ordinance and resubmit it to the treasurer.

c. Upon receipt of the approved ordinance from the treasurer, the municipal governing body may adopt the ordinance at a meeting of the governing body by a majority of the authorized membership thereof in the same manner as the adoption of other ordinances of the governing body.

L.2007, c.30,s.10.

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Section 34:1B-198 - Submission of ordinance as application to State Treasurer; criteria for approval.

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Section 34:1B-200 - Amending ordinance required for changing district boundaries, pledged revenues.