{"data":{"id":"us-nj/n.j.-stat.-40a-4-55.18","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:4-55.18","heading":"Distressed municipality defined","body":"As used in this act the term  \"distressed municipality\"  means any municipality required to pay a judgment in an amount which would require an increase in the municipal purposes levy for any year in excess of 40% over the immediately preceding year.\nL.1982, c. 66, s. 1, eff. July 12, 1982.","path":["TITLE 40A MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"93cb51705f2dc260a6b6da8b954f1cf48ce69e6f89fc61939c1e4956c1bebc58","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-4-55.17","next":"us-nj/n.j.-stat.-40a-4-55.19"},"notice":"GroundRules: Original legal text. Not legal advice."}