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New Jersey Statutes, Title: 54, TAXATION
Chapter 4: Property subject to taxation.
Section: 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.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 54:4-2.2j (if available):
Court decisions that cite this statute:
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