New Jersey § 46:15-8

§ 46:15-8.

a. The proceeds of the fees collected by the county recording officer, as authorized

by P.L.1968, c. 49 ( C.46:15-5 et seq. ), shall be accounted for and remitted to the county treasurer. b. (1) The county portion of the basic fee collected pursuant to paragraph (1) of

subsection a. of section 3 of P.L.1968, c. 49 ( C.46:15-7 ) shall be retained by the county treasurer for the use of the county. (2) The State portion of the basic fee, the additional fee, and the general purpose

fee shall be paid to the State Treasurer for the use of the State. Payments shall be made to the State Treasurer on the tenth day of each month following

the month of collection. c. (1) Amounts, not in excess of $25,000,000, paid during the State fiscal year to

the State Treasurer from the payment of the State portion of the basic fee shall be

credited to the “Shore Protection Fund” created pursuant to section 1 of P.L.1992, c. 148 ( C.13:19-16.1 ), in the manner established under that section. (2) In addition to the amounts credited to the “Shore Protection Fund” pursuant to

paragraph (1) of this subsection, amounts equal to $12,000,000 in each of the first

10 years after the date of enactment of the “Highlands Water Protection and Planning

Act,” P.L.2004, c. 120 ( C.13:20-1 et al.) and to $5,000,000 in each year thereafter, paid during the State fiscal year

to the State Treasurer from the payment of fees collected by the county recording

officer other than the additional fee of $0.75 for each $500 of consideration or fractional part thereof recited in the deed in excess of $150,000 shall be credited to the “Highlands Protection Fund” created pursuant to section

21 of P.L.2004, c. 120 ( C.13:20-19 ), in the manner established under that section. No monies shall be credited to the “Highlands Protection Fund” pursuant to this

paragraph until and unless the full amount of $25,000,000 has first been credited

to the “Shore Protection Fund” pursuant to paragraph (1) of this subsection. (3) In addition to the amounts credited pursuant to paragraphs (1) and (2) of this

subsection, commencing with the first State fiscal year next following the enactment

of P.L.2021, c. 126 , an amount equal to $20,000,000 shall annually be credited to the Special Needs Housing

Trust Fund, created pursuant to section 1 of P.L.2005, c. 163 ( C.34:1B-21.25a ), in the manner established under that section. d. All amounts paid to the State Treasurer from the payment of the additional fee

shall be credited to the Neighborhood Preservation Nonlapsing Revolving Fund established

pursuant to P.L.1985, c. 222 ( C.52:27D-301 et al.), in the manner established under section 20 thereof ( C.52:27D-320 ).