There is created a Residential Property Management Fund to which the receipts derived from rent, charges and fees for residential housing shall be transferred or credited by the Director of Budget and Accounting. The receipts shall be annually appropriated to the General State Fund, except that an amount not to exceed 5% of the total receipts shall be appropriated annually to the board for the administration of this act.
N.J. Stat. Ann. § 52:31-33
Residential property management fund
Known as the State Capitol Joint Management Commission Act
The act spans §§ 52:31-1.1 to 52:31-8 (41 sections).
L.1983, c. 468, s. 11, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.