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.
The New Jersey Economic Development Authority, as successor to the New Jersey State
Area Redevelopment Authority through the Executive Reorganization Plan filed February
27, 1978, shall repay without interest to the State Treasurer all moneys realized
from borrowers upon loans they obtained through the New Jersey State Area Redevelopment
Authority, which loans were made from the sums transferred to the authority under
section 10 of P.L.1962, c. 204, section 1 of P.L.1970, c. 253, and section 1 of P.L.1973,
c. 75 ( C.2A:37-41.2 ), from the special trust fund established by N.J.S.2A:37-41 , up to the amounts originally transferred. The repayment from moneys realized from borrowers shall be considered as cash received
from payments of principal and interest from the borrowers and received from the liquidation
of collateral securing such loans. Such repayments shall be net of all direct expenses incurred in servicing the loan
or in protecting and collecting the collateral, or both.
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.