18A:59-1 - Apportionment and distribution of federal funds; exceptions - New Jersey Statutes

18A:59-1.      Apportionment and distribution of federal funds; exceptions 
  18A:59-1.  Whenever moneys are made available for school purposes by any act of congress, except the act of congress referred to in Article 2 of this chapter, or any agency of the federal government, or made available or deposited in any manner in accordance with any law enacted by the congress of the United States, such moneys shall be apportioned by the commissioner under plans approved by the State board, if said moneys are for use in the public school system, or by the Commission on Higher Education, if said moneys are for use in higher education. Such moneys shall be distributed as aid to the several districts or in any other manner designated for any educational purpose defined in the federal statutes or in the regulations of federal agencies making allotments or in the laws of this State. 

L.1967, c.271; amended 1994,c.48,s.71.