5:12-171 - Annual budget; approval; line item vetoes; transmittal - New Jersey Statutes

5:12-171.  Annual budget;  approval;  line item vetoes;  transmittal
    The annual budget of the Casino Reinvestment Development Authority for administrative and operating costs shall be submitted to the State Treasurer for his approval 90 days after the effective date of this act and thereafter, on or before the last day of October in each year.  The State Treasurer shall have 30 days to review and approve the requested budget. He may object in whole or in part to any item or items contained in the budget while approving the other portions of the budget.  In such a case he shall append to the budget  at the time of signing it, a statement of each item or part thereof to which he  objects, and each item or part so objected to shall not take effect. A copy of  the budget and any statement shall be transmitted by him to the Casino  Reinvestment Development Authority.  The costs associated with a specific bond  issue or investment, such as underwriting and counsel fees, shall be considered  costs of the issue and not operating costs of the Casino Reinvestment  Development Authority.

     L.1984, c. 218, s. 23, eff. Dec. 19, 1984.