New Jersey § 13:17-74
Full text of New Jersey New Jersey Statutes § 13:17-74, with citation guidance and answers to common questions.
§ 13:17-74.
(a) On or before February 1, 1973 and on or before February 1 of each year thereafter,
the commission shall certify to the chief financial officer of each constituent municipality
an amount, known as the meadowlands adjustment payment. The meadowlands adjustment payment for each constituent municipality shall be determined
by adding all the payments payable to that municipality from the intermunicipal account
for school district service payments, guarantee payments, and apportionment payments,
if any, and by subtracting therefrom the obligations of that municipality to the intermunicipal
account, as calculated pursuant to sections 65 and 71 of this act. 1 The amount so derived shall be referred to as the meadowlands pre-adjustment payment. For calendar year 2000, the meadowlands adjustment payment shall be the average
of the meadowlands pre-adjustment payments for calendar years 1999 and 2000. For calendar year 2001, the meadowlands adjustment payment shall be the average
of the meadowlands pre-adjustment payments for calendar years 1999, 2000, and 2001. For calendar year 2002 and subsequent years, the meadowlands adjustment payment
shall be the average of the meadowlands pre-adjustment payments for the prior three
calendar years. (b) If the meadowlands adjustment payment for any constituent municipality in any
adjustment year is payable to the constituent municipality, the amount of said payment
shall be identified in the municipal budget of that municipality for that year as
“meadowlands adjustment” within the category “miscellaneous revenues anticipated,”
and shall be due and payable in three equal installments to be made by the intermunicipal
account to that municipality on May 15, August 15, and November 15 of that year. (c) If the meadowlands adjustment payment for any constituent municipality in any
adjustment year is payable to the intermunicipal account, the amount of said payment
shall be entered as a special line item appropriation in the budget of the municipality
for that year and shall be payable in three equal installments to be made by the municipality
to the account on May 15, August 15, and November 15 of that year. No transfers may be made from said appropriation except as is herein provided. 1
N.J.S.A. §§ 13:17-67, 13:17-73.
Frequently Asked Questions About New Jersey § 13:17-74
What does New Jersey Statutes § 13:17-74 cover?
Section 13:17-74 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 § 13:17-74?
A common citation format is "New Jersey Statutes § 13:17-74" (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 § 13:17-74 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.