A resident of a qualified municipality who has paid property taxes for the tax year on a homestead that is owned as such and who is eligible to receive an NJ SAVER rebate pursuant to P.L. 1999, c. 63(C.54:4-8.58a et al.) shall, subject to appropriation, receive an NJ SAVER rebate in an amount equal to 150% of the amount otherwise owed that resident pursuant to section 4 of P.L. 1999, c. 63(C.54:4-8.58b) during the time that the municipality is under rehabilitation and economic recovery.
N.J.S. § 52:27BBB-20