New Jersey § 52:27bb-57
Full text of New Jersey New Jersey Statutes § 52:27bb-57, with citation guidance and answers to common questions.
§ 52:27bb-57.
The board may require that obligations, bonded or otherwise, shall not be issued or
authorized by the municipality, including school districts or any special districts
except as expressly authorized by the director. The board may require that the municipality and its special districts shall not borrow
any moneys, make any purchase, enter into any arrangements or contracts requiring
the expenditure of any revenues or engaging the credit of the municipality in any
way or undertake any financial liabilities or indebtedness whatsoever unless expressly
authorized by the director. The board shall limit those purchases and contracts requiring authorization of the
director to those exceeding $4,500.00, unless the board shall find good and sufficient
cause for requiring otherwise. In any case, the board shall inform the municipal governing body, by resolution,
of the types and amounts of the purchases and contracts which shall require authorization.
Frequently Asked Questions About New Jersey § 52:27bb-57
What does New Jersey Statutes § 52:27bb-57 cover?
Section 52:27bb-57 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 § 52:27bb-57?
A common citation format is "New Jersey Statutes § 52:27bb-57" (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 § 52:27bb-57 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.