{"data":{"id":"us-nj/n.j.-stat.-40a-5a-25","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:5A-25","heading":"Increases in charges of utility when faced with financial difficulties;  hearing","body":"If the Local Finance Board has reason to believe that a municipal public utility is faced with financial difficulty, it shall have the power to order an  increase in rents, rates, fees or other charges of the utility, and this order  shall be valid and enforceable notwithstanding any provisions of the contrary  in R.S. 48:2-1 et seq., but the Local Finance Board, before issuing this order,  shall first hold a hearing to which the Director of the Division of Local  Government Services shall summon appropriate officials of the municipality.   The Local Finance Board may require the production of papers, documents,  witnesses or information and may make or cause to be made an audit or  investigation of the circumstances with respect to which the hearing was called.\nThe Local Finance Board may except municipal and county funding for a deficit of a municipal public utility or authority from the expenditure limitations of P.L.1976, c. 68 (C. 40A:4-45.1 et seq.).\nL.1983, c. 313, s. 25.","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":"5fdac8fcb4980c23e0e7a7d1d738517eb7e5bee0a14919e44e21309721f7beb3","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-5a-24","next":"us-nj/n.j.-stat.-40a-5a-26"},"notice":"GroundRules: Original legal text. Not legal advice."}