New Jersey § 13:1b-15
Full text of New Jersey New Jersey Statutes § 13:1b-15, with citation guidance and answers to common questions.
§ 13:1b-15.
a. There is appropriated to the “Historic Preservation Revolving Loan Fund” from the
“Cultural Centers and Historic Preservation Fund” created pursuant to section 20 of
P.L.1987, c. 265 1 the sum of $3,000,000 for the purpose of making low-interest loans, to the extent
sufficient funds are available, to units of county or municipal government, or to
tax-exempt nonprofit organizations, to finance the historic preservation costs of
acquiring, restoring, repairing, or rehabilitating historic structures. b. Prior to awarding any loans under this section, the New Jersey Historic Trust shall
submit to the Legislature for its approval a list of projects that are to receive loans and the amount of each loan , which approval may given in the form of (1) a declaration of approval included in
any act appropriating moneys for historic preservation projects pursuant to P.L.1999, c. 152 ( C.13:8C-1 et al.), (2) the passage of a concurrent resolution, or (3) a declaration of approval
by the Joint Budget Oversight Committee or its successor . c. Loans issued from the “Historic Preservation Revolving Loan Fund” shall be for
a term not to exceed 20 years and at an interest rate not to exceed 4 percent per
year. The terms of any loan agreements shall be approved by the State Treasurer. 1
New Jersey Green Acres Cultural Centers and Historic Preservation Bond Act of 1967.
Frequently Asked Questions About New Jersey § 13:1b-15
What does New Jersey Statutes § 13:1b-15 cover?
Section 13:1b-15 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 13:1b-15?
A common citation format is "New Jersey Statutes § 13:1b-15" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 13:1b-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.