New Jersey Statutes
§ 18A:72B-24 — Reduction of distributions if funds insufficient
New Jersey·Title 18A EDUCATION
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.
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Nearby Sections
15
§ 18A:72B-15
Short title§ 18A:72B-16
Legislative findings and determinations§ 18A:72B-17
Definitions§ 18A:72B-19
Maintenance of funds; audit of records§ 18A:72B-20
Suspension and recovery of funds§ 18A:72B-22
Rules and policies§ 18A:72B-23
Severability§ 18A:72B-24
Reduction of distributions if funds insufficient§ 18A:72B-25
"School" defined§ 18A:72B-26
Contract for acceptance of New Jersey residents§ 18A:72B-27
Eligibility§ 18A:72B-28
Review of admissions procedures, records§ 18A:72B-30
$11,000 per year per student