18A:72B-24. Reduction of distributions if funds insufficient
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.
This is the verbatim text of N.J.S.A. 18A:72B-24, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.