40A:4-42 - Required appropriation for cash deficit - New Jersey Statutes

40A:4-42.  Required appropriation for cash deficit    An appropriation for  "cash deficit of preceding year"  shall appear in each  annual budget in the amount by which the liabilities and cash disbursements of  the local unit for expenditures in the fiscal year next preceding exceed the  cash receipts and other realized revenues in such next preceding fiscal year,  except to the extent that such lawful yearly expenditures have been provided  for by surplus anticipated in the budget of such years.

     L.1960, c. 169, s. 1, eff. Jan. 1, 1962.