The director shall, upon receipt, examine and audit the statement of annual sinking fund requirements of a political subdivision. The director shall determine the sufficiency of the amount certified, and shall make such corrections as may be necessary. After correction or approval the director shall certify sinking fund requirements at the time and in the manner required by section 40:3-19 of the Revised Statutes.
N.J. Stat. Ann. § 52:27BB-43
Sinking funds; examination of requirements
Known as the Local Government Supervision Act
The act spans §§ 52:27BB-1 to 52:27BB-99 (93 sections).
L.1947, c. 151, p. 659, s. 43.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.