40:8A-4. Contract; authorization by adoption by ordinance or resolution; filing; public inspection; effective date
A party authorized to enter into a contract under section 3 of this act may do so by the adoption of a resolution. A resolution adopted pursuant to this section or section 3 need not set forth the terms of the contract in full, but shall clearly identify it by reference; and a copy of the contract shall be filed and open to public inspection at the offices of the local unit immediately after the introduction of any such resolution before the governing body. The contract shall take effect upon the adoption of appropriate resolutions by all the parties thereto as set forth in the contract document.
