52:27D-18 - Division of local government continued as division of local finance - New Jersey Statutes

52:27D-18.  Division of local government continued as division of local finance    The Division of Local Government in the Department of the Treasury, together  with all of its functions, powers and duties, is continued, but such division  is transferred to and constituted the Division of Local Finance in the  Department of Community Affairs established hereunder.  The Local Government  Board of the Division of Local Government in the Department of the Treasury and  all of its functions, powers and duties are hereby transferred to the Division  of Local Finance established hereunder in the Department of Community Affairs.   Such board shall henceforth be known as the Local Finance Board, and shall  continue to have all of the powers and shall exercise all of the functions and  duties heretofore vested in, or imposed upon, it by law. This act shall not  affect the terms of office of the present members of such board.  Such board  shall continue to be constituted and the members thereof shall continue to be  appointed as provided by existing law.  Any member of such board may be removed  from office by the Governor, for cause, upon notice and opportunity to be heard.

     L.1966, c. 293, s. 18.