New Jersey § 40:37A-68.1 Contract or agreement to meet deficiency in revenues; approval

New Jersey Statutes

§ 40:37A-68.1 — Contract or agreement to meet deficiency in revenues; approval

New Jersey § 40:37A-68.1

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:37A-68.1 (Contract or agreement to meet deficiency in revenues; approval) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 40:37A-68.1 (2026).

Text

No county improvement authority shall enter into any contract or agreement to meet any deficiency in its revenues in order to meet debt services on bonds, notes, or any other financing obligations for one or more housing projects or developments on any housing or mortgage financing, or for any operating or maintenance expenses of such authority for one or more housing projects or developments, unless the Director of the Division of Local Government Services, after reviewing such contract or agreement and the ability of any party to such contract or agreement to make any payments which may be required, shall give his approval. L.1979, c. 275, s. 42, eff. Jan. 3, 1980.

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No county improvement authority shall enter into any contract or agreement to meet any deficiency in its revenues in order to meet debt services on bonds, notes, or any other financing obligations for one or more housing projects or developments on any housing or mortgage financing, or for any operating or maintenance expenses of such authority for one or more housing projects or developments, unless the Director of the Division of Local Government Services, after reviewing such contract or agreement and the ability of any party to such contract or agreement to make any payments which may be required, shall give his approval. L.1979, c. 275, s. 42, eff. Jan. 3, 1980.