New Jersey § 55:19-17
Full text of New Jersey New Jersey Statutes § 55:19-17, with citation guidance and answers to common questions.
§ 55:19-17.
a. There is hereby created the Urban Development Investment Fund, into which shall
be paid: (1) Funds appropriated by section 17 of this act; 1 (2) Repayments of loans or other payments received by the corporation pursuant to
agreements made under authority of section 6, 7, 8 or 9 of this act; 2 (3) Any income derived from investment pursuant to subsection b. of this section; (4) Moneys collected as user fees and facility charges in connection with any civic
project or utilities project managed or operated by the corporation as authorized
by subsection w. of section 6 of this act; and (5) Such additional funds as the Legislature may from time to time appropriate for
the purpose. b. The fund shall be in the custody and control of the corporation, which may invest and reinvest any portion thereof not immediately required for the purposes
of the corporation in the manner provided by law for investment of public funds on projects and investments utilizing revenues from the sale of general obligation
bonds, which projects shall be subject to the approval of the State Treasurer, and
the Treasurer's actions shall be based solely on his fiduciary role to ensure that
all applicable federal and State tax laws are adhered to regarding the investment
of bond funds . 1
N.J.S.A. § 55:19-18. 2
N.J.S.A. § 55:19-6, 55:19-7, 55:19-8 or 55:19-9.
Frequently Asked Questions About New Jersey § 55:19-17
What does New Jersey Statutes § 55:19-17 cover?
Section 55:19-17 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 § 55:19-17?
A common citation format is "New Jersey Statutes § 55:19-17" (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 § 55:19-17 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.