New Jersey § 18a:22-8

§ 18a:22-8.

Except as otherwise provided pursuant to this section, whenever a school district

desires to transfer amounts among line items and program categories, the transfers

shall be by resolution of the board of education approved by a two-thirds affirmative

vote of the authorized membership of the board; however, a board may, by resolution,

designate the chief school administrator to approve such transfers as are necessary

between meetings of the board. Transfers approved by the chief school administrator shall be reported to the board,

ratified and duly recorded in the minutes at a subsequent meeting of the board, but

not less than monthly. Transfers of surplus amounts or any other unbudgeted or underbudgeted revenue to

line items and program categories shall require the approval of the Commissioner of

Education and shall only be approved between April 1 and June 30 for line items and

program categories necessary to achieve the thoroughness standards established pursuant

to section 4 of P.L.2007, c. 260 ( C.18A:7F-46 ) ; except that upon a two-thirds affirmative vote of the authorized membership of

a board of education, the board may petition the commissioner for authority to transfer

such revenue prior to April 1 due to an emergent circumstance and the commissioner

may authorize the transfer if he determines that the transfer is necessary to meet

such emergency. Transfers from any general fund appropriation account that, on a cumulative basis,

exceed 10% of the amount of the account included in the school district's budget as

certified for taxes shall require the approval of the commissioner. In a school district wherein the Commissioner of Education has directed an in-depth

evaluation pursuant to subsection e. of section 14 of P.L.1975, c. 212 ( C.18A:7A-14 ), the board of education shall obtain the written approval of the executive county superintendent of schools prior to implementing any board authorized transfer

of funds.