New Jersey § 40a:2-42
Full text of New Jersey New Jersey Statutes § 40a:2-42, with citation guidance and answers to common questions.
§ 40a:2-42.
A supplemental debt statement shall be in form prescribed by the director and shall
set forth as to the local unit: a. The net debt as stated in the annual debt statement or revision thereof last filed;
the amount by which such net debt has been increased by the authorization of additional
debt or decreased by payment of outstanding debt or reduction of the authorization
to incur debt; b. The amounts and purposes separately itemized of obligations about to be authorized,
together with any deductions which may be made on account of any such item; c. The net debt of the local unit as determined by addition of the net amounts stated
in subsections a and b; d. The equalized valuations of the taxable real estate, together with improvements
for the last 3 preceding years, and the average thereof as stated in the annual debt
statement or revision thereof last filed; and e. Net debt expressed as a percentage of said average of equalized valuations.
Frequently Asked Questions About New Jersey § 40a:2-42
What does New Jersey Statutes § 40a:2-42 cover?
Section 40a:2-42 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:2-42?
A common citation format is "New Jersey Statutes § 40a:2-42" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:2-42 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.