Statutes, codes, and regulations
New Jersey Statutes
Title 54 - TAXATION
Chapter 54:4 - PROPERTY SUBJECT TO TAXATION
Section 54:4-2.2j - Appropriation lower than amount necessary for full funding; apportionment of payments

N.J. Stat. § 54:4-2.2j

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Current through L. 2024, c. 80.
Section 54:4-2.2j - Appropriation lower than amount necessary for full funding; apportionment of payments

In the event that an appropriation made for any year is less than the amount required for full payment in lieu of taxes to each municipality, the amount otherwise payable to each municipality shall be reduced in the same proportion as the appropriation made is to the amount required for full funding.

N.J.S. § 54:4-2.2j

L.1977, c.272, s.10.