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Section 52:27D-118.38 - Remedial orders issued to recipient of discretionary aid

NJ Rev Stat § 52:27D-118.38 (2019) (N/A)
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52:27D-118.38 Remedial orders issued to recipient of discretionary aid

a. The board may issue remedial orders to a municipality receiving discretionary aid pursuant to this act directing it to:

(1) Maximize revenues;

(2) Maximize surplus to a prudent level;

(3) File schedules along with the budget showing municipal revenues not anticipated;

(4) Add municipal revenues to the budget not anticipated;

(5) Maximize its tax collection rate in order to minimize its reserve for uncollected taxes, using prudent fiscal practices;

(6) Reduce appropriations deemed by the board to be excessive; and

(7) Undertake other appropriate activities consistent with this section to reduce property taxes.

b. The board shall require, as a condition for the release of discretionary aid funds to a municipality, that the director certify that a municipality has complied with remedial orders issued by the board.

L.1991,c.63,s.7.

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Section 52:27D-118.37 - Change in municipal budget, required documentation
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Section 52:27D-118.39 - General fiscal oversight over recipient of discretionary aid