N.J. Admin. Code § 5:31-1.2
The following words and terms as used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Act" means the Local Authorities Fiscal Control Law, L. 1983, c. 313 (N.J.S.A. 40A:5A-1 et seq.).
"Authority" means a body, public and corporate, created by one or more municipalities or counties pursuant to any law authorizing that creation, which law provides that the public body so created has at least the following powers:
"Audit" means an examination of the financial statements of an authority in accordance with generally accepted auditing standards as promulgated by the American Institute of Certified Public Accountants by the independent auditor or by the Division of Local Government Services engaged by the authority, in the manner more specifically described by these regulations.
"Audit report" means the report on the results and findings of the audit by the independent auditor or by the Division of Local Government Services engaged by the authority. "Budget" means the budget of an authority.
"Capital budget" means the first year of a capital program.
"Capital program" means a projected, multi-year plan and schedule for capital projects, which shall set forth among other things all prospective financing sources including, but not limited to, proceeds of bond sales, grants and budget appropriations.
"Capital project" means any of the following activities or undertakings that an authority is empowered to bond for, with an estimated useful life of five years or more, regardless of the financing sources:
"Chief financial officer" means the individual holding overall management responsibility for the authority's finances.
"Director" means the Director of the Division of Local Government Services in the Department of Community Affairs.
"Division" means the Division of Local Government Services in the Department of Community Affairs.
"Energy cost" means the cost of electricity, fuel oil, gasoline, heating oil, natural gas, or other source of energy connected to the operation of a regional sewerage authority.
"Financing agreement" means an agreement of a local unit or units intended to provide security for an issue of obligations of an authority, including, but not limited to, a contract providing for payments by a local unit or units with respect to use, services or provision of the project, facility or public improvement of an authority or payments for debt service therefor.
"Fire district" means a local unit created by a municipality pursuant to 40A:14-70 et seq.
"Full membership" means the number of members of the governing body when all seats are filled.
"Fund balance utilized" shall have the same meaning as the term "surplus" as used in 40A:14-78.8(a).
"Governing body" means the Board having control of the finances of an authority.
"Housing authority" means an authority created or continued pursuant to 40A:12A-1 et seq. Generally, housing authorities exist to provide for housing for qualified individuals in accordance with the rules and regulations prescribed by the U.S. Department of Housing and Urban Development (HUD).
"Length of service award program" or "LOSAP" means a system established to provide tax-deferred income benefits to active volunteer firefighting members of a fire district, pursuant to P.L. 1997, c. 388 (40A:14-183 et seq.).
"Local Finance Board" means the Local Finance Board in the Division of Local Government Services in the Department of Community Affairs.
"Local unit or units" means a county or municipality which created or joined in the creation of an authority, or which proposes to create or join in the creation thereof, or which has entered or proposes to enter into a financing agreement with an authority.
"Operations" means all activities of an authority conducted in accordance with 40A:5A-1 et seq. and any other legislation governing the affairs of the authority.
"Project financing" means the financing by an authority of a facility for the benefit of the inhabitants of a local unit or units and includes payment for the design and plan for the facility.
"Redevelopment agency" means a redevelopment agency created pursuant to subsection a. of section 11 of P.L. 1992, c. 79 (40A:12A-11(a) ) or established heretofore pursuant to the "Redevelopment Agencies Law" (N.J.S.A. 40:55C-1et seq.).
" Regional sewerage authority" means a regional authority established by two or more municipalities or counties pursuant to the Sewerage Authorities Law, N.J.S.A. 40:14A-1et seq., located in a county of the first class with a population of over 600,000 and a population density of over 10,000 persons per square mile according to the latest Federal decennial census.
"Restricted fund balance" means the accumulation of funds reserved for use as capital improvements or as down payments for a fixed asset acquisition, that must be used exclusively for its intended purpose.
"Security agreement" means a bond resolution of an authority, or a trust indenture to be executed by an authority, or other similar proceeding or document.
"Service transfer" means the transfer to another local unit of the responsibility for funding the cost of a service. Shared service agreements shall not be considered service transfers.
"Sponsoring agency" means any fire district which adopts a length of service award program.
"Unrestricted net position" means the equity account that represents accumulated net earnings over expenditures that have been retained from an authority operation and are not restricted for any special purpose, thereby making such funds available as a reduction to total operating and non-operating appropriations.
N.J. Admin. Code § 5:31-1.2