Reduction of distributions if funds insufficient

N.J. Stat. § 18A:72B-24
in effect
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If the funds appropriated for the purposes of this act are insufficient to provide full funding under the formula contained herein, then the funds shall be distributed to eligible institutions on a pro rata basis with each eligible institution receiving a proportionate reduction in funds. L.1979, c. 132, s. 11, eff. July 6, 1979.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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