New Jersey § 40a:4-40
Full text of New Jersey New Jersey Statutes § 40a:4-40, with citation guidance and answers to common questions.
§ 40a:4-40.
Prior to the award of a contract for the sale of the total property tax levy pursuant
to section 16 of P.L.1997, c. 99 ( C.54:5-113.5 ), or when a municipality chooses to reduce its reserve for uncollected taxes by deducting
the receipts anticipated during the fiscal year from the sale of unpaid taxes or municipal
liens when concluded in the final month of the fiscal year as allowed pursuant to R.S.54:5-19 , the chief financial officer or registered municipal accountant shall provide the
governing body a fiscal analysis of the impact of the sale on the current budget and
the projected budgets for next two subsequent years. The Director of the Division of Local Government Services in the Department of Community
Affairs may promulgate a standard form to be used for this purpose, which, if promulgated,
shall include, but not be limited to, the amount of the reserve for uncollected taxes,
receipts for delinquent taxes and the municipal tax rate. The analysis shall be a public record.
Frequently Asked Questions About New Jersey § 40a:4-40
What does New Jersey Statutes § 40a:4-40 cover?
Section 40a:4-40 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:4-40?
A common citation format is "New Jersey Statutes § 40a:4-40" (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:4-40 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.