54:1-51. Allocation of funds
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/nj/title-54/chapter-1/54-1-51·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Of the amount deposited in any year in the "Municipal Purposes Tax Assistance Fund," twenty-three twenty-sevenths of such amount shall be set aside and used for the purposes of section 4 of this act, and four twenty-sevenths of such amount shall be set aside and used for the purposes of section 5 of this act.
L.1980, c. 12, s. 6, eff. March 18, 1980.