N.J. Admin. Code § 5:30-2.1
Current through Register Vol. 56, No. 23, December 2, 2024
When a local government seeks a waiver from the debt limitations of 40A:2-6 for a bond ordinance authorizing obligations solely for the purposes delineated in 40A:2-7, the application must be submitted to the Local Finance Board within the established filing schedule on a form approved by the Board. Approval of bond and note financing in excess of the debt limit under 40A:2-7(c), (d) and (e) require the applicant to justify and demonstrate the existence of extraordinary conditions.
N.J. Admin. Code § 5:30-2.1
See: 30 New Jersey Register 1123(a), 30 New Jersey Register 2204(b).
Section was "Exceptions to debt limitation".