52:27D-118.38 - Remedial orders issued to recipient of discretionary aid - New Jersey Statutes

52:27D-118.38  Remedial orders issued to recipient of discretionary aid 
     a.   The board may issue remedial orders to a municipality receiving discretionary aid pursuant to this act directing it to: 

    (1)  Maximize revenues;

    (2)  Maximize surplus to a prudent level;

    (3)  File schedules along with the budget showing municipal revenues not anticipated; 

    (4)  Add municipal revenues to the budget not anticipated;

    (5)  Maximize its tax collection rate in order to minimize its reserve for uncollected taxes, using prudent fiscal practices; 

    (6)  Reduce appropriations deemed by the board to be excessive; and

    (7)  Undertake other appropriate activities consistent with this section to reduce property taxes. 

    b.   The board shall require, as a condition for the release of discretionary aid funds to a municipality, that the director certify that a municipality has complied with remedial orders issued by the board. 

    L.1991,c.63,s.7.