Free Memorandum of Understanding Template 21Free Memorandum of Understanding Template 21Free Memorandum of Understanding Template 21
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MEMORANDUM OF UNDERSTANDING
Setting forth minimum conditions on the receipt of Transitional Aid to Localities by the municipality of
_________________
WHEREAS, after reviewing an application submitted by the _________ (the “Municipality”) the
Director of the Division of Local Government Services (the “Director”) has determined that the “Municipality”
is in serious fiscal distress and an award of _________of Transitional Aid to Localities (“Transition Aid”) is
appropriate, all in accordance with the criteria set forth in P.L. 2012, c.18 (the “State Budget”); and
WHEREAS, the State Budget and P.L. 2011, c.144 condition Transition Aid on conditions,
requirements, orders, and oversight that the Director deems necessary including, but not limited to, requiring
approval by the director of personnel actions, professional services and related contracts, payment in lieu of tax
agreements, acceptance of grants from State, federal or other organizations, and the creation of new or expanded
public