13:17-73 - Payment of excessive funds to constituent municipalities; reduction of service payments - New Jersey Statutes

13:17-73.  Payment of excessive funds to constituent municipalities; reduction of service payments
    If, in any adjustment year, the amount payable to the constituent municipalities by the intermunicipal account for guarantee payments and service  payments exceeds the amount payable to said account pursuant to section 65 of  this act, the total service payments payable to all constituent municipalities  shall be reduced by the amount of the deficit and the service payment payable  to each constituent municipality shall be reduced by the same ratio as the  total service payment to all constituent municipalities was reduced.

     L.1968, c. 404, s. 71.  Amended by L.1972, c. 103, s. 10, eff. July 19, 1972.