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2020 New Jersey Revised Statutes
Title 52 - State Government, Departments and Officers
Section 52:27BB-54 - Purpose of article
Universal Citation: NJ Rev Stat § 52:27BB-54 (2020)
52:27BB-54. Purpose of article
The purpose of this article is to make provision for the imposition of special restraints upon municipalities in, or in danger of falling into, unsound financial condition and in this way to forestall serious defaults upon local obligations and demoralized finances that burden local taxpayers and destroy the efficiency of local services.
L.1947, c. 151, p. 662, s. 54.
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