N.J. Stat. § 40A:4-27: Miscellaneous revenues; sale of property.

A local unit may anticipate as a miscellaneous revenue the total amount of all payments due and payable to the local unit during the fiscal year, directly or indirectly as a result of the sale of property by the local unit, when the obligation to make such payment is entered into prior to the adoption of the budget.

Amended 1991, c.75, s.18; 1994, c.72, s.13; 2000, c.126, s.17.