New Jersey § 40a:5a-15
Full text of New Jersey New Jersey Statutes § 40a:5a-15, with citation guidance and answers to common questions.
§ 40a:5a-15.
Notwithstanding the provisions of N.J.S. 40A:5-1 et seq. , each authority shall cause an annual audit of its accounts to be made, and for this
purpose it shall contract with the Division of Local Government Services or employ
a registered municipal accountant of New Jersey or a certified public accountant of
New Jersey. The audit shall be completed and filed with the authority within four months after
the close of the fiscal year of the authority. A certified duplicate copy thereof shall be filed with the governing body of each
local unit having created the authority and with the director within five days after
the original report is filed with the authority. The Local Finance Board shall by rule or regulation prescribe the accounting principles
and policies, auditing procedures, and financial reporting practices applicable to
authorities and authority audits conducted pursuant to this section. The rules and regulations may include or be similar to any provisions of the “Local
Fiscal Affairs Law” ( N.J.S. 40A:5-1 et seq. ), which the Local Finance Board shall deem to be practicable or necessary.
Frequently Asked Questions About New Jersey § 40a:5a-15
What does New Jersey Statutes § 40a:5a-15 cover?
Section 40a:5a-15 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:5a-15?
A common citation format is "New Jersey Statutes § 40a:5a-15" (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:5a-15 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.