NJ Rev Stat § 54:1-51 - Allocation of Funds

Section 1-51 - Allocation of Funds
Section 1-50 - Participating Municipalities; Annual Payments; Computation; LimitationsSection 1-52 - Date of Payment

Of the amount deposited in any year in the "Municipal Purposes Tax Assistance Fund," twenty-three twenty-sevenths of such amount shall be set aside and used for the purposes of section 4 of this act, and four twenty-sevenths of such amount shall be set aside and used for the purposes of section 5 of this act.

L.1980, c. 12, s. 6, eff. March 18, 1980.

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