New Jersey Statutes 54:5-132. Municipal liens defined; exceptions
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Terms Used In New Jersey Statutes 54:5-132
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lien: A claim against real or personal property in satisfaction of a debt.
- month: means a calendar month, and the word "year" means a calendar year. See New Jersey Statutes 1:1-2
3. For the purposes of P.L.1997, c.274 (C. 54:5-130 et seq.), municipal liens means municipal liens as defined under the “tax sale law,” R.S.54:5-1 et seq., except that no lien for taxes shall be transferred to a joint municipal lien pool unless the taxes that are the basis for that lien continue to be delinquent after the tenth day of the eleventh month of the fiscal year of the municipality for which those taxes were due and payable.
L.1997,c.274,s.3.