New Jersey § 34:1b-21

§ 34:1b-21.

a. There is created within the authority a special nonlapsing fund, to be known as

the “Motor Vehicle Surcharges Revenue Fund.” The Motor Vehicle Surcharges Revenue Fund shall consist of: (1) such moneys as may be appropriated to the Motor Vehicle Surcharges Revenue Fund

by the Legislature and paid to the authority by the State Treasurer from Dedicated

Motor Vehicle Surcharges Revenues; (2) interest or other income derived from the investment of moneys in the Motor Vehicle

Surcharges Revenue Fund; and (3) any other moneys as may be deposited from time to time, except that such moneys

shall not be appropriated from the General Fund. b. In each State fiscal year during which the authority has outstanding bonds or refunding

bonds which have been issued pursuant to this act, moneys in the Motor Vehicle Surcharges

Revenue Fund may be used by the authority, in accordance with the provisions of any

bond resolutions authorizing the issuance of bonds or refunding bonds pursuant to

this act and any contract between the authority and the State Treasurer authorized

and entered into pursuant to section 7 of this act, 1 to pay debt service payable on the authority's then outstanding bonds or refunding

bonds issued pursuant to this act and any amounts due in connection with any agreements

entered into pursuant to subsection c. of section 4 of this act due in such fiscal

year, to replenish any reserve or other fund established for such bonds or refunding

bonds issued in accordance with subsection a. of section 4 of this act, and to pay

any and all other additional amounts as shall be authorized by this act and required

to be paid by the authority during such fiscal year, provided however, that the payment

of all such amounts to the authority by the State Treasurer shall be subject to and

dependent upon appropriations being made from time to time by the Legislature of the

amounts thereof for the purposes of this act. Notwithstanding any other provision of any law, rule, regulation or order to the

contrary, the authority shall be paid only such amounts as shall be required by the

provisions of any contract between the authority and the State Treasurer authorized

and entered into pursuant to section 7 of this act and the incurrence of any obligation

of the State under any such contract, including any payments to be made thereunder,

shall be subject to and dependent upon appropriations being made from time to time

by the Legislature for the purposes of this act. c. In each fiscal year beginning on or after July 1, 2006, all amounts on deposit

in the Motor Vehicle Surcharges Revenue Fund in excess of the amount necessary to

pay any amounts required to be paid by the authority pursuant to any bond resolutions

authorizing the issuance of bonds or refunding bonds pursuant to this act or pursuant

to any contract between the authority and the State Treasurer authorized or entered

into pursuant to section 7 of this act and payable during such fiscal year shall be

transferred to the General Fund, provided that the first $7,500,000 of such moneys

so transferred in each fiscal year shall be remitted to the “Alcohol Treatment Programs

Fund” created in section 2 of P.L.2001, c. 48 ( C.26:2B-9.2 ). 1

L.2004, c. 70 (N.J.S.A. § 34:1B-21.29).