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2023 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:4-2.2j - Appropriation lower than amount necessary for full funding; apportionment of payments
Universal Citation:
NJ Rev Stat § 54:4-2.2j (2023)
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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.
L.1977, c. 272, s. 10.
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