40:62-107.2 - Application to state auditor - New Jersey Statutes

40:62-107.2.  Application to state auditor
    In each case, where a municipality is desirous of distributing the deficit as described in section 40:62-107.1 of this title, application for permission so to do shall be made by the governing body of such municipality to the state auditor.  If the application shall be approved, the state auditor shall indorse  thereon the word  "approved"  and append his signature thereto and return the  same to the governing body of the municipality so applying.  If the state  auditor shall disapprove of the same, he shall indorse on the application the  word  "disapproved"  and shall sign his name thereto and return the same to the  governing body of the municipality, and each application shall be disposed of  by the state auditor within ten days from the date of the receipt thereof by  him.