N.J.S.A. 40A:5A-18 — Financial difficulty of authority; hearing; audit or investigation

40A:5A-18. Financial difficulty of authority; hearing; audit or investigation If at any time, as a result of exercising his responsibilities under this act, the director has reason to believe that an authority is faced with financial difficulty, the director shall summon appropriate officials of the authority and the local unit or units or either of the aforesaid to a hearing before the Local Finance Board. The Local Finance Board may require the production of papers, documents, witnesses or information and may make or cause to be made an audit or investigation of the circumstances with respect to which the hearing was called. L.1983, c. 313, s. 18.

This is the verbatim text of N.J.S.A. 40A:5A-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.