N.J.S.A. 54:4-2.2j

Appropriation lower than amount necessary for full funding; apportionment of payments

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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This is the verbatim text of N.J.S.A. 54:4-2.2j, 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.