New Jersey § 52:27d-392
Full text of New Jersey New Jersey Statutes § 52:27d-392, with citation guidance and answers to common questions.
§ 52:27d-392.
The funds to be received by a qualifying municipality pursuant to this act shall be
appropriated by the municipality in compliance with the “Local Budget Law,” N.J.S.40A:4-1 et seq. Notwithstanding any provisions of the “Local Budget Law,” any qualifying municipality
may anticipate in its budget for the next succeeding year the receipt of the amount
determined by the State Treasurer pursuant to section 7 1 of this act and may file such amendments or corrections in its local budget as may
be required to properly reflect the amount. A qualifying municipality shall apply all such revenues to the reduction of the
local property tax levy. The chief financial officer of each qualifying municipality shall demonstrate in
a written report, appended to the local budget submitted to the Director of the Division
of Local Government Services, that the amount to be raised by property taxation for
the local budget year in which funds are to be received has been reduced by an amount
equal to the amount to be received pursuant to this act. 1
N.J.S.A. § 52:27D-390.
Frequently Asked Questions About New Jersey § 52:27d-392
What does New Jersey Statutes § 52:27d-392 cover?
Section 52:27d-392 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-392?
A common citation format is "New Jersey Statutes § 52:27d-392" (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-392 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.