New Jersey § 52:27d-389
Full text of New Jersey New Jersey Statutes § 52:27d-389, with citation guidance and answers to common questions.
§ 52:27d-389.
Within each level of qualifying municipalities, the share of each qualifying municipality
of the funds allocated to that level shall be determined by the following formula: MS = (RD/ARD) x F Where: MS is the share, not to exceed $3,900,000, to be received by the qualifying municipality
of the amount allocated to that level; F is the amount allocated to that level; ARD is the aggregate of the residential densities of all qualifying municipalities
included in that level; and RD is residential density for a qualifying municipality which shall be determined
as follows: RD = P x D x R2 1 Where: P is the population of the qualifying municipality; D is the population density of the qualifying municipality; and R is the percentage, multiplied by 100, of the aggregate assessed valuation of the
qualifying municipality which is residential (Class 2) and apartments (Class 4c) property. 1
When “R2” is mentioned, read “2” as an exponent, thereby squaring the value of “R”.
Frequently Asked Questions About New Jersey § 52:27d-389
What does New Jersey Statutes § 52:27d-389 cover?
Section 52:27d-389 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 § 52:27d-389?
A common citation format is "New Jersey Statutes § 52:27d-389" (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 § 52:27d-389 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.