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N.J. Stat. § 54:1-51

Allocation of funds

New Jersey · New Jersey Statutes Title 54 — Taxation · Status: effective

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N.J. Stat. § 54:1-51, Allocation of funds, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1482001
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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.