N.J.S.A. 52:27D-118.38 — Remedial orders issued to recipient of discretionary aid

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.

This is the verbatim text of N.J.S.A. 52:27D-118.38, 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.