New Jersey § 52:9h-26
Full text of New Jersey New Jersey Statutes § 52:9h-26, with citation guidance and answers to common questions.
§ 52:9h-26.
In each fiscal year commencing after June 30, 1992, the appropriations of the State
shall not exceed the maximum appropriations permitted pursuant to the following formula: Maximum Appropriations = Base Year Appropriations x (1 + PCI), where: a. “ Base Year Appropriations ” means the appropriations of the State in the base year; and b. “ PCI ” means the average annual percentage increase, expressed as a decimal, in State per
capita personal income over the four fiscal years ending on June 30 prior to the base
year. The per capita personal income for each of the four years shall be the average of
the per capita personal income for the four quarters in each fiscal year, utilizing
the quarterly data for State personal income and the annual data for State population
as published by the United States Department of Commerce.
Frequently Asked Questions About New Jersey § 52:9h-26
What does New Jersey Statutes § 52:9h-26 cover?
Section 52:9h-26 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 52:9h-26?
A common citation format is "New Jersey Statutes § 52:9h-26" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 52:9h-26 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.