New Jersey § 40A:14-78.10 Reserve item transfers

New Jersey Statutes

§ 40A:14-78.10 — Reserve item transfers

New Jersey § 40A:14-78.10

Title 40AMUNICIPALITIES AND COUNTIES

This text of New Jersey § 40A:14-78.10 (Reserve item transfers) 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. § 40A:14-78.10 (2026).

Text

a. If, during the first two months of any fiscal year, the amount of any appropriation reserve in any line item of the operating appropriations section of the budget for the immediately preceding fiscal year is insufficient to pay the claims authorized or incurred during the preceding year, and there shall be an excess in any appropriation reserve in another line item of the operating appropriations section, the board of fire commissioners of any fire district may, by resolution adopted by not less than a 2/3 vote of the full membership thereof, transfer the amount of the excess to the appropriation reserve deemed to be insufficient or for which no reserve was provided. b. No transfers may be made under this section from appropriation reserves for:

(1)Contingent expenses, (2) Down payment

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a. If, during the first two months of any fiscal year, the amount of any appropriation reserve in any line item of the operating appropriations section of the budget for the immediately preceding fiscal year is insufficient to pay the claims authorized or incurred during the preceding year, and there shall be an excess in any appropriation reserve in another line item of the operating appropriations section, the board of fire commissioners of any fire district may, by resolution adopted by not less than a 2/3 vote of the full membership thereof, transfer the amount of the excess to the appropriation reserve deemed to be insufficient or for which no reserve was provided. b. No transfers may be made under this section from appropriation reserves for: (1) Contingent expenses, (2) Down payments, (3) Capital improvements. L. 1985, c. 288, s. 6, eff. Aug. 14, 1985.