New Jersey § 52:27bbbb-6

§ 52:27bbbb-6.

In a municipality in need of stabilization and recovery, the director may prepare

the annual budget or instruct the municipal governing body to prepare and submit a

proposed annual budget. If the municipal governing body is submitting a proposed annual budget, the director

shall fix a date for the municipal governing body to submit that budget to the Local

Finance Board, and the board may approve the budget, modify it or instruct the director

to prepare an alternative budget. If the director prepares the budget, it shall be submitted to the Local Finance

Board for its approval. Once a budget is approved by the Local Finance Board, the budget shall be deemed

adopted. a. The director shall have the authority to make temporary appropriations necessary

for the period prior to the adoption of the budget, and to make emergency temporary

appropriations pursuant to N.J.S.40A:4-20 to meet an urgent situation or event which immediately endangers the health, safety,

or property of the residents of the municipality, and to make emergency appropriations

pursuant to N.J.S.40A:4-46 . b. The director shall have the authority to spend money and authorize expenditures,

in accordance with the approved budget or any temporary or emergency appropriations.