New Jersey § 40a:5a-20
Full text of New Jersey New Jersey Statutes § 40a:5a-20, with citation guidance and answers to common questions.
§ 40a:5a-20.
a. Whenever there is available an undesignated fund balance or unreserved retained
earnings held by a municipal utilities authority with a water supply operation that
is being dissolved by a municipality, no more than five percent of the annual costs
of operation of the authority, as set forth in the final adopted budget of the authority,
may be appropriated therefrom for uses not directly related to drinking water management,
unless the Local Finance Board determines that the municipality has demonstrated a
need for greater than five percent based on a showing of significant fiscal distress. b. The Local Finance Board may condition its approval for a municipality's proposal
to dissolve a municipal utilities authority on the municipality's proposal to comply
with subsection a. of this section. c. This section shall not apply to a regional authority.
Frequently Asked Questions About New Jersey § 40a:5a-20
What does New Jersey Statutes § 40a:5a-20 cover?
Section 40a:5a-20 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-20?
A common citation format is "New Jersey Statutes § 40a:5a-20" (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-20 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.