52:27D-180 - Determination and certification of amount; payment and distribution - New Jersey Statutes

52:27D-180.  Determination and certification of amount;  payment and distribution
    The director shall, forthwith upon the appropriation of such sums for State  aid pursuant to this act, determine and certify to the State Treasurer and to  the chief financial officer of each qualifying municipality the amount of State  aid allocable to such municipality pursuant to this act, which aid shall be in  addition to all other aid to municipalities.  The State Treasurer, upon the  certification of the director and upon the warrant of the State Comptroller,  shall pay and distribute to each qualifying municipality on October 1 of each  year, or as soon thereafter as practicable, the amount determined and  certified, or for municipalities which have qualified bonds outstanding  pursuant to P.L.1976, c. 38 (C. 40A:3-1 et seq.), the Treasurer shall disburse  State aid funds determined and certified under this act in accordance with the  provisions of P.L.1976, c. 38.

     L.1978, c. 14, s. 3, eff. March 30, 1978.