New Jersey § 52:27d-118

§ 52:27d-118.

a. The Director of the Division of Local Government Services in the Department of

Community Affairs shall determine conditions, requirements, orders, and oversight

for the receipt of any amount of grants, loans, or any combination thereof, provided

to any municipality through the Transitional Aid to Localities program or any successor

discretionary aid programs for municipalities in fiscal distress. Conditions, requirements, or orders deemed necessary by the director may include,

but not be limited to, the implementation of government, administrative, and operational

efficiency and oversight measures necessary for the fiscal recovery of the municipality,

including but not limited to requiring approval by the director of personnel actions,

professional services and related contracts, payment in lieu of tax agreements, acceptance

of grants from State, federal or other organizations, and the creation of new or expanded

public services. b. An additional amount not to exceed one percent of the amount appropriated in any

State Fiscal Year beginning on or after July 1, 2012 for the Transitional Aid to Localities

program or any successor discretionary aid programs for municipalities in fiscal distress

shall be appropriated for administrative costs of that program, and for administrative

costs associated with the oversight of any municipalities under State supervision

pursuant to Article 4 of the “Local Government Supervision Act (1947),” P.L.1947,

c. 151 ( C.52:27BB-54 et seq. ), subject to the approval of the Director of the Division of Budget and Accounting

in the Department of the Treasury.