13:8C-47 Deposit of amount credited.

229 words·~1 min read·/nj/title-13/chapter-8c/13-8c-47

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

5. a. In State fiscal year 2017 through and including State fiscal year 2019, of the amount credited by the State Treasurer to the Preserve New Jersey Fund Account pursuant to paragraph

(1)of subsection a. of section 4 of this act:

(1)60 percent shall be deposited into the Preserve New Jersey Green Acres Fund established pursuant to section 6 of this act;

(2)4 percent shall be deposited into the Preserve New Jersey Blue Acres Fund established pursuant to section 7 of this act;

(3)31 percent shall be deposited into the Preserve New Jersey Farmland Preservation Fund established pursuant to section 8 of this act; and

(4)5 percent shall be deposited into the Preserve New Jersey Historic Preservation Fund established pursuant to section 9 of this act.

b. In State fiscal year 2017 through and including State fiscal year 2019, of the amount credited by the State Treasurer to the Preserve New Jersey Fund Account pursuant to paragraph

(2)of subsection a. of section 4 of this act, each State park, forest, or wildlife management area shall receive an amount equal to the amount of revenue annually derived from leases or conveyances of lands at that State park, forest, or wildlife management area, as appropriate, to be used for recreation and conservation purposes at that State park, forest, or wildlife management area.

L.2016, c.12, s.5