New Jersey § 52:9h-2
Full text of New Jersey New Jersey Statutes § 52:9h-2, with citation guidance and answers to common questions.
§ 52:9h-2.
a. There is created within the General Fund a restricted reserve fund to be known
as the “New Jersey Debt Defeasance and Prevention Fund.” The “New Jersey Debt Defeasance and Prevention Fund” shall be credited with the amount
appropriated to the fund pursuant to section 2 of P.L.2021, c. 125 and such funds as the Legislature may, from time to time, appropriate for the purposes
of the fund as enumerated in subsection b. of this section. b. Balances in the "New Jersey Debt Defeasance and Prevention Fund" may be appropriated
by the Legislature only for the purposes of: retiring and defeasing State debt, including
general obligation bonds and appropriations-backed bonds, and the costs thereof;
and funding capital projects on a pay-as-you-go basis rather than issuing additional
State debt, including general obligation bonds or appropriations-backed bonds.
Frequently Asked Questions About New Jersey § 52:9h-2
What does New Jersey Statutes § 52:9h-2 cover?
Section 52:9h-2 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 § 52:9h-2?
A common citation format is "New Jersey Statutes § 52:9h-2" (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 § 52:9h-2 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.