New Jersey § 13:8c-18

§ 13:8c-18.

Of the total of up to $1,150,000,000 in proceeds raised by the trust from the issuance

of bonds, notes or other obligations, and transferred by the trust to the State Treasurer

and deposited by the State Treasurer into the Garden State Green Acres Preservation

Trust Fund established pursuant to section 19 of P.L.1999, c. 152 ( C.13:8C-19 ) and the Garden State Farmland Preservation Trust Fund established pursuant to section

20 of P.L.1999, c. 152 ( C.13:8C-20 ) as required pursuant to subsection a. of section 18 of P.L.1999, c. 152 ( C.13:8C-18 ), any amounts exceeding $1,000,000,000 in such proceeds shall be allocated and deposited

into those two trust funds as follows notwithstanding the provisions of subsection

a. of section 18 of P.L.1999, c. 152 ( C.13:8C-18 ) to the contrary: a. 80% thereof to the Garden State Green Acres Preservation Trust Fund to be used

for the purposes of that trust fund; and b. 20% thereof to the Garden State Farmland Preservation Trust Fund to be used for

the purposes of that trust fund.