New Jersey Statutes 38:25-2. Appropriations for payment of indebtedness
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 38:25-2
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
The governing body may make an appropriation in the annual budget or make an appropriation for and issue emergency notes as provided by section 40:2-31 of the title Municipalities and Counties, or appropriate funds from the surplus revenues of such municipality for the payment of such indebtedness.