{"data":{"id":"us-nj/n.j.-stat.-52-27d-389","jurisdiction":"us-nj","citation":"N.J. Stat. § 52:27D-389","heading":"Formula for allocation","body":"Within each level of qualifying municipalities, the share of each qualifying municipality of the funds allocated to that level shall be determined by the following formula:\nMS = (RD / ARD) x F\nWhere:\nMS is the share, not to exceed $3,900,000, to be received by the qualifying municipality of the amount allocated to that level;\nF is the amount allocated to that level;\nARD is the aggregate of the residential densities of all qualifying municipalities included in that level; and\nRD is residential density for a qualifying municipality which shall be determined as follows:\nRD = P x D x R2\nWhere:\nP is the population of the qualifying municipality;\nD is the population density of the qualifying municipality; and\nR is the percentage, multiplied by 100, of the aggregate assessed valuation of the qualifying municipality which is residential (Class 2) and apartments (Class 4c) property.\nL.1990,c.85,s.6. (*When \"R2\" is mentioned, read \"2\" as an exponent, thereby squaring the value of \"R\".)","path":["TITLE 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"9e66131d5159f48bba1ad0de76ff65320610397b49ff05cbb9b7c99b20297b55","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-52-27d-388","next":"us-nj/n.j.-stat.-52-27d-390"},"notice":"GroundRules: Original legal text. Not legal advice."}