New Jersey § 40a:27-19
Full text of New Jersey New Jersey Statutes § 40a:27-19, with citation guidance and answers to common questions.
§ 40a:27-19.
The chief fiscal officer of each contracting local unit which enters into a contract
pursuant to this chapter, shall cause to be paid to the contractor, at the times agreed
upon, the amount of money certified to the contracting local unit by the contractor
pursuant to this chapter. The power and obligation of the contracting local unit to provide for and make all
payments is unlimited and the sums necessary for the payment shall be included in
each annual budget of the contracting local unit; and the contracting local unit
shall be irrevocably and unconditionally obligated to levy ad valorem taxes on all
taxable property therein, without limits as to rate or amount, to the full extent
necessary to make all payments, in full, as they become due. If any part of the amount certified to a contracting local unit by a contractor,
pursuant to this act, remains unpaid for 30 days following the date fixed for payment
by the contract, the contracting local unit thus in default shall be charged with
and be liable for, and the chief fiscal officer thereof shall pay to the contractor,
interest upon the amount unpaid at the rate of 8% per year.
Frequently Asked Questions About New Jersey § 40a:27-19
What does New Jersey Statutes § 40a:27-19 cover?
Section 40a:27-19 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:27-19?
A common citation format is "New Jersey Statutes § 40a:27-19" (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:27-19 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.