New Jersey § 40a:4-45
Full text of New Jersey New Jersey Statutes § 40a:4-45, with citation guidance and answers to common questions.
§ 40a:4-45.
As used in this amendatory and supplementary act, “ cost-of-living adjustment ” means the rate of annual percentage increase, rounded to the nearest half-percent,
in the Implicit Price Deflator for State and Local Government Purchases of Goods and
Services, computed and published quarterly by the United States Department of Commerce,
Bureau of Economic Analysis, calculating the annual increase therein at the second
and fourth quarter which occurred in the next preceding local fiscal year. Any reference to “ index rate ” means the “cost-of-living adjustment” defined in this section. The Director of the Division of Local Government Services shall promulgate bi-annually
the cost-of-living adjustment to apply in the next following local fiscal year.
Frequently Asked Questions About New Jersey § 40a:4-45
What does New Jersey Statutes § 40a:4-45 cover?
Section 40a:4-45 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:4-45?
A common citation format is "New Jersey Statutes § 40a:4-45" (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:4-45 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.