New Jersey § 13:16-15
Full text of New Jersey New Jersey Statutes § 13:16-15, with citation guidance and answers to common questions.
§ 13:16-15.
Any contract entered into pursuant to the provisions of this act shall provide that: (a) The State will pay a certain percentage fixed by the commissioner, not exceeding
50%, of the cost of the survey. The survey must be made by a qualified person or firm selected by the applicant
subject to the prior approval of the commissioner. The commissioner has the right to review and make such changes as he shall deem
necessary in the survey agreement to be executed between the applicant and the person
responsible for making the survey. The time of completion of the contract will be established by the applicant subject
to the approval of the commissioner. (b) The person making the survey shall submit progress reports to the commissioner
and the applicant in accordance with a schedule to be provided for in each individual
contract. (c) If the commissioner finds that there has been noncompliance with the terms of
the contract, that the progress reports of the survey indicate that the establishment
of the industrial or business concern is not feasible or that the applicant is no
longer interested in locating his concern in the State, he may cancel the contract,
upon 10 days written notice to the applicant and the person making the survey. If the contract is so canceled, as of the date of the cancellation, the cost of
the survey shall be prorated between the State and the applicant and all information,
material and other data assembled in connection with the survey shall become the exclusive
property of the State. (d) If the applicant, upon completion of the survey, decides to locate his concern
in the State, he will repay the loan made by the State, in the manner and within the
time to be prescribed in the contract. Upon completion of said repayment, the applicant shall have exclusive rights to
the survey. (e) If the applicant, upon completion of the survey decides not to locate his concern
in the State, the survey will forthwith become the exclusive property of the State
of New Jersey. If the applicant refuses to turn over the survey upon a request therefor he shall
be liable for the entire amount of the loan made by the State.
Frequently Asked Questions About New Jersey § 13:16-15
What does New Jersey Statutes § 13:16-15 cover?
Section 13:16-15 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 § 13:16-15?
A common citation format is "New Jersey Statutes § 13:16-15" (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 § 13:16-15 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.