New Jersey § 54:4-2

§ 54:4-2.

Notwithstanding the provisions of section 5 of P.L.1977, c. 272 ( C.54:4-2.2e ), if the State has provided, or by July 5 of the year immediately succeeding the year of the director's computation pursuant

to that section is scheduled to provide, an advance payment or payments to a municipality

subject to article IV of the “Local Government Supervision Act (1947),” P.L.1947,

c. 151 ( C.52:27BB-54 et seq. ) for the State's liability for in lieu of tax payment on behalf of any new State

facility, including the land on which the facility is located, to be constructed in

the municipality; then, commencing with the computations and certifications for the

first year for which the State is liable to the municipality for said payments, the

Director of the Division of Taxation shall exclude from the amount certified in lieu

of tax payment required each year by P.L.1977, c. 272, 1 an amount equal to that which the State would otherwise be obligated to pay the municipality

pursuant to P.L.1977, c. 272 for that facility including the land on which the facility

is located until the total amount withheld from in lieu of tax payments to the municipality

equals the amount of the advance payment or payments made to the municipality. The Director of the Division of Local Government Services shall each year on or before

November 1 provide the Director of the Division of Taxation with a certification of

the amounts and dates of said advance payments or payments which have been provided

or are scheduled to be provided by July 5 of the immediately succeeding year. These certifications for a municipality shall no longer be provided when the Director

of the Division of Taxation notifies the Director of the Division of Local Government

Services that the amount which has been excluded for a municipality equals what the

State was otherwise obligated to pay the municipality pursuant to this section. 1

N.J.S.A. § 54:4-2.2a et seq.