At its Jan. 11, 2023, meeting, the Local Finance Board voted to propose the readoption of N.J.A.C. 5:30 with various amendments and new rules. New Local Finance Notice 2023-07, available here, highlights key updates and substantive changes proposed by the board.

The Notice of Proposed Chapter Readoption, published in the New Jersey Register on Feb. 21, 2023, can be found on the DLGS Rules and Regulations webpage here, under the Proposed Rules heading. Local government officials should read the entirety of the Notice of Proposed Chapter Readoption for a complete description of all proposed amendments and new rules.

Any comments on the Notice of Proposed Chapter Readoption shall be submitted by April 22, 2023, either via email to or by regular mail to:

Nick Bennett, Executive Secretary
Local Finance Board
Department of Community Affairs
PO Box 803
Trenton, NJ 08625-0803

For comments submitted through email, please include the subject heading “N.J.A.C. 5:30 Proposed Chapter Readoption.”