52:27-22.1 - Scrip or tax anticipation notes or bonds; approval - New Jersey Statutes

52:27-22.1.  Scrip or tax anticipation notes or bonds;  approval
    No municipality of this State which is under the jurisdiction of the municipal finance commission shall hereafter issue any scrip or tax anticipation notes or bonds in payment of payrolls, claims or other obligations  or indebtedness of the municipality unless the issuance of such scrip or tax  anticipation notes shall be approved, in writing, by the auditor to the  municipal finance commission in the same manner as warrants for other like  payments are required to be approved.

     L.1938, c. 169, p. 379, s. 1.