N.J. Stat. § 52:27BB-2
As used in this act, unless the context indicates otherwise:
"Department" means the State Department of Community Affairs.
"Commissioner" means the Commissioner and head of the State Department of Community Affairs.
"Division" means the Division of Local Finance in the State Department of Community Affairs.
"Director" means the administrative head of the Division of Local Finance in the State Department of Community Affairs.
"Board" means the Local Finance Board of the Division of Local Finance in the State Department of Community Affairs.
"Governing body" means, in the case of a county, the board of chosen freeholders, and in the case of a municipality, the body exercising general legislative and administrative authority within the municipality, and in the case of a county or municipal authority, the body exercising general legislative and administrative authority over the actions of said county or municipal authority.
"Political subdivision" includes a municipality, county, school district, county or municipal authority, or a regional authority or district other than an interstate authority or district.
"Local government" means the government of political subdivisions.
"Municipality" includes a city, town, village, borough, township, special district, municipal authority, or other municipal corporations other than a school district or a county.
"Municipality under supervision" means a municipality to which the provisions of this act apply by virtue of a resolution of the Local Finance Board in the Division of Local Finance in the State Department of Community Affairs made in accordance with section 21 of this act.
"Administrator" means the local administrator of finance.
"Cash deficit" means the amount, if any, by which liabilities and cash disbursements of a municipality for lawful yearly expenditures (as defined in section 40A:4-42 of the New Jersey Statutes) exceed the cash receipts in a budget year, whether the municipality is operating under a cash basis budget or not.
"Accountant" means a registered municipal accountant.
"Regular audit" means the annual or biennial audit, as the case may be, required by law.
"Fiscal year" or "year" means the calendar year beginning January 1 and ending December 31.
"County or municipal authority" means a body corporate and politic of this State created by a county or municipality having corporate succession and the power to issue bonds, or other obligations.
N.J.S. § 52:27BB-2