43:16A-41 - Publication of fiscal statement; hearing - New Jersey Statutes

43:16A-41.  Publication of fiscal statement;  hearing
    Such county park commission shall thereupon within thirty days after the receipt of such fiscal statement publish the same in at least one newspaper having general circulation in such county and also publish a notice that a public hearing will be held to consider the question as to whether the police employees of such county park commission shall be permitted to become members of the fund and in what manner the county park contribution for prior service credits shall be paid.  Such notice of public hearing shall set forth the place, the time and the date that such hearing shall take place.  The date so fixed for the hearing shall be not less than five days after such publication but must be held before October fifth of that year.  At such public hearing any  citizen or taxpayer of such county shall be heard.  After the public hearing  the county park commission shall pass a resolution adopting one of the three  methods of payment.  Such resolution adopting a method of payment shall be  binding except that if installment payments are provided for, any installment  may be paid before the time such installment becomes due under the method  adopted in said resolution.  After the passage of such resolution, a certified  copy thereof shall be forwarded by the secretary of the county park commission  to the board of trustees of the Police and Firemen's Retirement System of New  Jersey.

     L.1948, c. 441, p. 1732, s. 2.