40A:4-48. Emergency appropriations not exceeding, with other appropriations, 3% of the operating appropriations
An emergency appropriation which, together with all prior emergency appropriations made during the same year, does not exceed 3% of the total of current and utility operating appropriations made in the budget adopted for that year shall be made as follows:
a. The governing body shall, by resolution adopted by not less than 2/3 vote of its full membership, declare that an emergency exists requiring a supplementary appropriation.
b. The resolution shall be in the form and content prescribed by the local government board and shall set out the nature of the emergency in full.
c. A copy of the resolution shall be filed forthwith with the director.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
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