N.J. Stat. § 34:1B-7.4
This is the official text of N.J. Stat. § 34:1B-7.4, part of New Jersey’s Stat — part of the compiled statutory law of New Jersey, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Financing of projects; economic feasibility and recovery of costs
Official statutory text
Financing of projects pursuant to this act shall be in such form, amount and on such terms as the authority shall believe necessary in order to assure the economic feasibility of a project and to assure, to the greatest degree compatible with that purpose, the full recovery of costs incurred by the authority in the undertaking of the project. The authority shall assure by the terms of the financing of projects that at least 75% of the moneys appropriated to the economic development fund from the "Community Development Bond Fund" shall be recovered and shall continue thereafter to be available for financing under this act. L.1981, c. 505, s. 4.
Status: in_force · Read it on the official government site
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