2016 New Jersey Revised Statutes
Title 40a - Municipalities And Counties
Section 40A:14-78.10 - Reserve Item Transfers

NJ Rev Stat § 40A:14-78.10 (2016) What's This?

40A:14-78.10. Reserve item transfers
a. If, during the first two months of any fiscal year, the amount of any appropriation reserve in any line item of the operating appropriations section of the budget for the immediately preceding fiscal year is insufficient to pay the claims authorized or incurred during the preceding year, and there shall be an excess in any appropriation reserve in another line item of the operating appropriations section, the board of fire commissioners of any fire district may, by resolution adopted by not less than a 2/3 vote of the full membership thereof, transfer the amount of the excess to the appropriation reserve deemed to be insufficient or for which no reserve was provided.

b. No transfers may be made under this section from appropriation reserves for:

(1) Contingent expenses,

(2) Down payments,

(3) Capital improvements.

L. 1985, c. 288, s. 6, eff. Aug. 14, 1985.


Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.