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Code · New Jersey · Title 18A — Education · Chapter 72B

18A:72B-24. Reduction of distributions if funds insufficient

54 words·~1 min read·/nj/title-18a/chapter-72b/18a-72b-24·

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If the funds appropriated for the purposes of this act are insufficient to provide full funding under the formula contained herein, then the funds shall be distributed to eligible institutions on a pro rata basis with each eligible institution receiving a proportionate reduction in funds.
L.1979, c. 132, s. 11, eff. July 6, 1979.
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