N.J.S.A. 40A:4-55.18

Distressed municipality defined

40A:4-55.18. Distressed municipality defined As used in this act the term "distressed municipality" means any municipality required to pay a judgment in an amount which would require an increase in the municipal purposes levy for any year in excess of 40% over the immediately preceding year. L.1982, c. 66, s. 1, eff. July 12, 1982.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 40A:4-55.18, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 40A:4-55.18 — Distressed municipality defined | Kyzer