N.J.S.A. 54:1-51

Allocation of funds

54:1-51. Allocation of funds 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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This is the verbatim text of N.J.S.A. 54:1-51, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.