Rutgers Municipal Capital And Trust Fund Accounting Practice Test

If an amendment substantially alters matters required by the Local Bond Law, when can the ordinance be finally adopted?

It can be finally adopted immediately after the amendment. It cannot be finally adopted until at least two weeks after such amendment, with publication at least two days prior to the date for further consideration. It cannot be finally adopted until at least one week after such amendment. It cannot be finally adopted until at least one month after such amendment.

Correct Answer:

It cannot be finally adopted until at least one week after such amendment.

Explanation:

When an amendment to an ordinance under the Local Bond Law substantially changes what the law requires, there’s a mandatory waiting period before final adoption. This pause gives the council and the public time to review and consider the changes. The required minimum is seven days (one week) after the amendment is made. So the ordinance cannot be finally adopted until at least one week after such an amendment. The other timing options would either skip this waiting period or add different publication deadlines not mandated for this situation.

Access more questions from this quiz

Continue to Rutgers Municipal Capital and Trust Fund Accounting Practice Test for more practice questions and the full quiz experience.

Access More Questions