40:37A-68.1 - Contract or agreement to meet deficiency in revenues; approval - New Jersey Statutes

40:37A-68.1.  Contract or agreement to meet deficiency in revenues; approval
    No county improvement authority shall enter into any contract or agreement to meet any deficiency in its revenues in order to meet debt services on bonds,  notes, or any other financing obligations for one or more housing projects or  developments on any housing or mortgage financing, or for any operating or  maintenance expenses of such authority for one or more housing projects or  developments, unless the Director of the Division of Local Government Services,  after reviewing such contract or agreement and the ability of any party to such  contract or agreement to make any payments which may be required, shall give  his approval.

     L.1979, c. 275, s. 42, eff. Jan. 3, 1980.