New Jersey § 52:27-4
Full text of New Jersey New Jersey Statutes § 52:27-4, with citation guidance and answers to common questions.
§ 52:27-4.
The commission shall continue in force in such municipality, and shall exercise the
powers and perform the duties conferred by this chapter until all bonds or notes or
other indebtedness of the municipality which has fallen due, and all bonds or notes
which will fall due within one year, and the interest thereon, have been paid or funded
or refunded, or the payment thereof in cash adequately provided for by a cash reserve,
excepting tax anticipation or tax revenue notes or bonds of the current year, at which
time its authority under this chapter shall cease. Thereafter the Director of the Division of Local Government in the State Department
of Taxation and Finance shall have the power to continue the employment of the auditor
as provided for in section 52:27-6 of this Title, and to exercise the powers of the commission under section 52:27-22 of this Title, until the gross and net debt of such municipality, including notes
or bonds issued under this chapter, is within all statutory limits, at which time
his authority under this chapter shall cease.
Frequently Asked Questions About New Jersey § 52:27-4
What does New Jersey Statutes § 52:27-4 cover?
Section 52:27-4 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 § 52:27-4?
A common citation format is "New Jersey Statutes § 52:27-4" (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 § 52:27-4 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.