How S 4513 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 1 section(s) of the New Jersey statutes: N.J.S.A. 40:12-15.7.

• N.J.S.A. 40:12-15.7

  (1) , except as provided in paragraph (2) of this subsection, (2) If a municipality has established an arts and culture trust fund pursuant to section 2 of P.L.2019, c.335 (C.40:12-15.12), then, notwithstanding any provision of paragraph (1) of this subsection to the contrary, the municipality may, upon resolution of the governing body, deposit amounts raised by the levy imposed pursuant to this section into the current fund of that municipality for uses not related to the purposes of P.L.1997, c.24 (C.40:12-15.1 et seq.). The authority established by this paragraph shall apply exclusively to the tax levy for fiscal year 2027, and funding deposited into a "Municipal Open Space, Recreation, Floodplain Protection, and Farmland and Historic Preservation Trust Fund" prior to fiscal year 2027 that has not been expended.

  amended