52:27D-118.30b - Authority to approve continuation of financial review board for City of Camden
52:27D-118.30b Authority to approve continuation of financial review board for City of Camden.
9.Notwithstanding the provisions of section 5 of P.L.1999, c.156 (C.52:27D-118.30a) or any other law to the contrary, in addition to other powers conferred by law, the Local Finance Board is hereby authorized to approve, by resolution, the continuation of the financial review board for the City of Camden as constituted which was created by the Local Finance Board pursuant to P.L.1998, c.45. On and after the continuation of the financial review board pursuant to resolution of the Local Finance Board, the financial review board is deemed to be a financial review board created pursuant to section 5 of P.L.1999, c.156 (C.52:27D-118.30a), and in all other respects subject to the procedures pursuant to that section. For the purposes of subsections c. and d. of section 5 of P.L.1999, c.156 (C.52:27D-118.30a), June 30, 2000 is, if the municipality continues to be subject to the oversight of the financial review board at that date, deemed to be the end of the second year in which the financial review board has been in operation.
L.1999,c.156,s.9.