40A:4-48 - Emergency appropriations not exceeding, with other appropriations, 3% of the operating appropriations - New Jersey Statutes

40A:4-48.  Emergency appropriations not exceeding, with other appropriations, 3% of the operating appropriations
    An emergency appropriation which, together with all prior emergency appropriations made during the same year, does not exceed 3% of the total of current and utility operating appropriations made in the budget adopted for that year shall be made as follows:

    a.  The governing body shall, by resolution adopted by not less than 2/3 vote of its full membership, declare that an emergency exists requiring a supplementary appropriation.

    b.  The resolution shall be in the form and content prescribed by the local  government board and shall set out the nature of the emergency in full.

    c.  A copy of the resolution shall be filed forthwith with the director.

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