General fiscal oversight over recipient of discretionary aid

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52:27D-118.39. General fiscal oversight over recipient of discretionary aid

8. The board shall exercise general fiscal oversight over a municipality that receives discretionary aid pursuant to this act and may:

a. Require the director to return a budget if it is determined that the local tax burden is unreasonably high;

b. Require the inclusion of line items supporting budget detail; and

c. Permit the cancellation of appropriation reserves on the same schedule as transfers, with a revised annual financial statement forwarded to the director upon the cancellation.

L.1991,c.63,s.8.


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