New Jersey § 34:1b-290
Full text of New Jersey New Jersey Statutes § 34:1b-290, with citation guidance and answers to common questions.
§ 34:1b-290.
The New Jersey Innovation Evergreen Program is established as a program under the
jurisdiction of the New Jersey Economic Development Authority. The purpose of the program is to invest in innovation as a catalyst for economic
growth and to advance the competitiveness of the State's businesses in the global
economy. Beginning on the effective date of sections 20 through 34 of P.L.2020, c. 156 ( C.34:1B-288 through C.34:1B-302 ) 1 , the authority shall auction up to $300,000,000 in tax credits in annual amounts
not to exceed the limitations set forth in section 98 of P.L.2020, c. 156 ( C.34:1B-362 ). The authority shall not undertake an auction if, exclusive of reserves, including
the reserve set aside for follow-on investments pursuant to subsection d. of section
23 of P.L.2020, c. 156 ( C.34:1B-291 ), more than $15,000,000 is available to the authority, from moneys received from
any prior auction of tax credits pursuant to the program, to allocate to qualified
venture firms. 1
L.2020, c. 156, eff. Jan. 7, 2021.
Frequently Asked Questions About New Jersey § 34:1b-290
What does New Jersey Statutes § 34:1b-290 cover?
Section 34:1b-290 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-290?
A common citation format is "New Jersey Statutes § 34:1b-290" (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-290 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.