New Jersey § 40a:4-2
Full text of New Jersey New Jersey Statutes § 40a:4-2, with citation guidance and answers to common questions.
§ 40a:4-2.
The following words, as used in this chapter, shall have the following meanings unless
the context clearly indicates a different meaning: “ budget ” means the budget of a local unit. “ cash basis budget ” means a budget prepared in accordance with this chapter, and in such form that based
on the limitations, percentages and estimates hereinafter provided there will be sufficient
cash collected to meet all debt service requirements, necessary operations of the
local unit for the fiscal year and, in addition, provide for any mandatory payments
required to be met during the fiscal year. “ county board ” means the county board of taxation. “ debt service ” means the payment by the local unit of the principal and interest on the obligations
issued by it, whether permanent or temporary. “ governing body ” means the board of chosen freeholders of a county, or the commission, council, board
or body having control of the finances of a municipality.
Frequently Asked Questions About New Jersey § 40a:4-2
What does New Jersey Statutes § 40a:4-2 cover?
Section 40a:4-2 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:4-2?
A common citation format is "New Jersey Statutes § 40a:4-2" (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:4-2 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.