Not later than the first day of the sixth month next following the enactment of sections
38 through 41 of P.L.2007, c. 63 (C.40A:5-48 et al.), the Local Finance Board shall promulgate rules and regulations pursuant
to the “Administrative Procedure Act,” P.L.1968, c. 410 (C.52:14B-1 et seq.), to implement the provisions of section 39 of P.L.2007, c. 63 (C.40A:5-48) concerning the plain language budget summary, and it also shall promulgate the forms
and procedures necessary to effectuate the provisions of section 40 of P.L.2007, c. 63 (C.40A:5-49) concerning the employee compensation disclosure form.
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