New Jersey Statutes 40A:2-5. Authorization as appropriation
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Terms Used In New Jersey Statutes 40A:2-5
- 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
An authorization of obligations shall constitute an appropriation of the proceeds thereof for the purposes stated in the bond ordinance.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.