New Jersey § 40a:5a-25
Full text of New Jersey New Jersey Statutes § 40a:5a-25, with citation guidance and answers to common questions.
§ 40a:5a-25.
If the Local Finance Board has reason to believe that a municipal public utility is
faced with financial difficulty, it shall have the power to order an increase in rents,
rates, fees or other charges of the utility, and this order shall be valid and enforceable
notwithstanding any provisions of the contrary in R.S. 48:2-1 et seq. , but the Local Finance Board, before issuing this order, shall first hold a hearing
to which the Director of the Division of Local Government Services shall summon appropriate
officials of the municipality. The Local Finance Board may require the production of papers, documents, witnesses
or information and may make or cause to be made an audit or investigation of the circumstances
with respect to which the hearing was called. The Local Finance Board may except municipal and county funding for a deficit of a
municipal public utility or authority from the expenditure limitations of P.L.1976,
c. 68 ( C. 40A:4-45.1 et seq. ).
Frequently Asked Questions About New Jersey § 40a:5a-25
What does New Jersey Statutes § 40a:5a-25 cover?
Section 40a:5a-25 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-25?
A common citation format is "New Jersey Statutes § 40a:5a-25" (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-25 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.