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'Local Finance Notice'

Oct 12

Division Issues Guidance on Coronavirus Relief Bond Law

Posted to The Town Crier - Legislative Backgrounder on October 12, 2020 at 5:41 PM by Legislative Staff

The Division of Local Government Services (DLGS) has issued Local Finance Notice 2020-24, providing guidance on P.L. 2020, c. 74, which allows municipalities and counties to issue special emergency appropriation for the loss of revenue and/or unanticipated expenses directly attributable to the COVID-19 pandemic. In addition to this, the law also permits the DLGS Director to issue guidance on the calculation of anticipated revenue for the 2021 budget year.

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