Whenever the governing body finds that a water emergency exists in the municipality, it may adopt a resolution declaring that a water emergency exists in the municipality. Such resolution shall be adopted by the governing body at any regular or special meeting of the governing body. Such resolution shall identify that portion of the municipality affected by the water emergency, which may include the entire municipality, and shall specify which of the water use regulations contained in § 589-2 of this chapter is being imposed, as well as any exemptions as may be authorized. Such resolution shall be effective upon passage and publication and shall continue in effect for such period of time designated therein, unless extended or repealed as set forth in § 589-3 of this chapter. A copy of said resolution shall be published once in a newspaper of general circulation in the Borough. For the purpose of this section, a water emergency shall exist for any of the following reasons:
A.
The public utility providing water service to all or a portion of the municipality has adopted water use restrictions, has notified the municipality, the New Jersey Board of Public Utilities, and the New Jersey Department of Environmental Protection, as well as any other state, county or local agency entitled to notice of such restrictions, and such restrictions are not overruled or declared invalid by any state, county or local agency or court having the jurisdiction and power to do so; or
B.
The governing body is otherwise satisfied that a water emergency exists in the municipality.