Authorization of Departmental Revolving Funds and Model By-law/Ordinance
Announcement, Policy Statement, Recent Legislation
departmental revolving fund authorization procedure by-law ordinance
44:53E 1/2 44:53e½ acts 2016 218:86
This Bulletin provides guidance to local officials regarding the authorization of departmental revolving funds for use in Fiscal Year 2018 and future years. It includes a model by-law ordinance and examples of its use. It also advises local officials that DLS is seeking legislation to defer implement of new procedure to authorize the funds by by-law/ordinance until Fiscal Year 2019, but recommends they put community in position to be able to authorize under prior procedure or new one. We will keep them informed of developments.