The Township Committee, after reviewing any recommendations
of the Farmland Preservation and Open Space Advisory Committee and
the holding of a public hearing thereon, shall apportion and allocate
the monies from the Farmland Preservation and Open Space Trust Fund.
The Farmland Preservation and Open Space Trust Fund shall be funded through the dedication to the fund of an amount of $0.02 per $100 of assessed valuation of each annual tax levy commencing with the tax and budget year 1999. The fund shall also be permitted to accept donations and testamentary bequests. The accumulated receipts and deposits within the fund may be utilized for the purposes set forth in §
33-1 herein. Any and all interest accruing shall be retained in and used for the same purposes as established in accordance with §
33-1 herein.