54A:9-26. Property Tax Relief Fund saved harmless.
91 words·~1 min read·
/nj/title-54a/chapter-9/54a-9-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9. An amount equal to the revenue that would be available to the Property Tax Relief Fund but for the amount estimated to be foregone and due to be refunded during a fiscal year due to the "Property Tax Deduction Act," P.L.1996, c.60 (C.54A:3A-15 et al.), shall be made available to the Property Tax Relief Fund from State General Fund revenue sources during that fiscal year without a reduction in the level of State aid appropriated to municipalities, school districts and counties from the General Fund during that fiscal year.
L.1996,c.60,s.9.