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2020 New Jersey Revised Statutes
Title 52 - State Government, Departments and Officers
Section 52:27BBBB-22 - Remitted portion of payment to county and school district.
Universal Citation: NJ Rev Stat § 52:27BBBB-22 (2020)
52:27BBBB-22 Remitted portion of payment to county and school district.
5. Annually, a portion of the payment in lieu of property tax moneys collected pursuant to section 3 of P.L.2016, c.5 (C.52:27BBBB-20) shall be remitted to the county and the school district for their own purposes. These moneys shall be remitted to the county and to the school district in the same manner as property taxes are paid to counties and school districts pursuant to R.S.54:4-74, R.S.54:4-75, and R.S.54:4-76, except that the Local Finance Board may, in its discretion, apportion a specific percentage of the payment in lieu of property tax moneys to be remitted to the county.
L.2016, c.5, s.5.
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