N.J.S.A. 54:4-8.80 — Regional Efficiency Aid Program.

54:4-8.80 Regional Efficiency Aid Program. 5. a. There is created a Regional Efficiency Aid Program within the Property Tax Relief Fund which shall be a non-lapsing revolving account which shall receive appropriations and repayments of loans as may be determined necessary by the State Treasurer. b. Each year the Legislature shall appropriate such funds for REAP as are determined to be appropriate based upon certification by the commissioner and director, subject to the approval of the State Treasurer. L.1999,c.61,s.5.

This is the verbatim text of N.J.S.A. 54:4-8.80, 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.