52:27D-287.3 Annual RTF allocation to fund rental assistance grants.
3.The commissioner shall annually allocate from the receipts of the portion of the realty transfer fee directed to be credited to the Neighborhood Preservation Nonlapsing Revolving Fund pursuant to section 4 of P.L.1968, c.49 (C.46:15-8) and pursuant to section 4 of P.L.1975, c.176 (C.46:15-10.1) such amounts as may be necessary to fund rental assistance grants authorized by P.L.2004, c.140 (C.52:27D-287.1 et al.), provided that not less than $3 million be annually allocated for the purposes of subsection c. of section 1 of P.L.2004, c.140 (C.52:27D-287.1) and not less than $7 million be annually allocated for the purposes of subsection a. and subsection d. of section 1 of P.L.2004, c.140 (C.52:27D-287.1).
L.2004, c.140, s.3; amended 2007, c.208, s.2.
Section: Previous 52-27d-287c 52-27d-287d 52-27d-287e 52-27d-287f 52-27d-287g 52-27d-287.1 52-27d-287.2 52-27d-287.3 52-27d-287.4 52-27d-288 52-27d-289 52-27d-290 52-27d-291 52-27d-292 52-27d-293 Next
Last modified: October 11, 2016