2009 New Jersey Code
TITLE 40A - MUNICIPALITIES AND COUNTIES
Section 40A:9
40A:9-140.10 - Municipality required to have chief financial officer 

40A:9-140.10. Municipality required to have chief financial officer       Notwithstanding the provisions of any law to the contrary, in every municipality there shall be a chief financial officer appointed by the governing body of the municipality.  The term of office shall be four years, which shall run from January 1 in the year in which the chief financial officer is appointed.  The compensation for the chief financial officer shall be separately set forth in a municipal salary ordinance. 

    If a governing body fails or refuses to comply with this section, and has received an order from the director to do so, the members of a governing body who willfully fail or refuse to comply shall each be subject to a personal penalty of $25 for each day after the date fixed for final action that failure or refusal to comply continues.  The amount of the penalty may be recovered by the director in the name of the State as a personal debt of the member of the governing body, and shall be paid, upon receipt, into the State Treasury. 

    L.1988,c.110,s.5; amended 1991,c.175,s.8.