... opinion constitute a violation of the provisions of [the LGEL].' N.J.S.A. 40A:9-22.8; see also N.J.S.A. 40A:9-22.7 ... two-thirds of the Local Finance Board's members approve. N.J.S.A. 40A:9-22.8. Confronted with a scenario closely comparable to the one here ... of the local government officer . . . unless the board . . . so determines.' N.J.S.A. 40A:9-22.8; see also N.J.A.C. 5:35-1.5 ...