N.J.S.A. 52:27-22.1 — Scrip or tax anticipation notes or bonds; approval

52:27-22.1. Scrip or tax anticipation notes or bonds; approval No municipality of this State which is under the jurisdiction of the municipal finance commission shall hereafter issue any scrip or tax anticipation notes or bonds in payment of payrolls, claims or other obligations or indebtedness of the municipality unless the issuance of such scrip or tax anticipation notes shall be approved, in writing, by the auditor to the municipal finance commission in the same manner as warrants for other like payments are required to be approved. L.1938, c. 169, p. 379, s. 1.

This is the verbatim text of N.J.S.A. 52:27-22.1, 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.