New Jersey § 52:27bb-61
Full text of New Jersey New Jersey Statutes § 52:27bb-61, with citation guidance and answers to common questions.
§ 52:27bb-61.
The board may, under this section, authorize or direct a municipality subject to this
act to liquidate or refinance its current debt pursuant to a plan. Liquidations under this section shall be in accordance with a plan of liquidation
adopted by the board. A plan so adopted and approved shall be binding upon the municipality and annual
appropriations as required by the plan shall be mandatory. A plan shall not be amended except with the prior written consent of the board. Whenever a municipality is operating under an approved plan of liquidation, the supervision
of the board shall continue for the duration of the liquidation plan, notwithstanding
the operation of the termination provisions in section 91 ( C. 52:27BB-91 ).
Frequently Asked Questions About New Jersey § 52:27bb-61
What does New Jersey Statutes § 52:27bb-61 cover?
Section 52:27bb-61 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-61?
A common citation format is "New Jersey Statutes § 52:27bb-61" (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-61 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.