New Jersey § 34:1b-7
Full text of New Jersey New Jersey Statutes § 34:1b-7, with citation guidance and answers to common questions.
§ 34:1b-7.
Notice of loans, guarantees, grants or other forms of financing for projects from
such funds as may be made available under subsections a. and e. of section 4 of this
act 1 shall be submitted to the Legislature at least 30 days prior to the closing of any
transaction but the transaction may proceed subsequent to that notice. Loans, guarantees, grants or other forms of financing for projects from such funds
as may be made available under subsections b. and c. of section 4 of this act shall
be submitted to the Legislature for approval at least 45 days prior to the closing
of any transaction. If the Legislature takes no action within that period, the transaction shall be
deemed to be approved. 1
N.J.S.A. § 34:1B-7.13.
Frequently Asked Questions About New Jersey § 34:1b-7
What does New Jersey Statutes § 34:1b-7 cover?
Section 34:1b-7 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 § 34:1b-7?
A common citation format is "New Jersey Statutes § 34:1b-7" (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 § 34:1b-7 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.