New Jersey § 34:1b-71
Full text of New Jersey New Jersey Statutes § 34:1b-71, with citation guidance and answers to common questions.
§ 34:1b-71.
The Legislature finds and declares that: a. Approximately 98% of New Jersey's employers are small business operators and more
than 1.5 million employees are working in small businesses in this State; b. Testimony taken at legislative hearings revealed that between 1987 and 1992, corporate
down-sizing created a sizeable group of displaced and dislocated private sector workers,
12 to 14% of whom have undertaken self-employment opportunities, with the balance
remaining underemployed or unemployed; c. While the New Jersey Development Authority for Small Businesses, Minorities' and
Women's Enterprises has a peer group micro-lending program in place which targets
certain geographical regions of the State, it is imperative that we find new and innovative
ways to help unemployed and underemployed individuals throughout the entire State
to re-enter the marketplace; and d. Experience in numerous other states and in certain urban areas in New Jersey has
shown that “microlending,” or carefully underwriting small loans to individual entrepreneurs
with well-developed, realistic business plans, has been successful in helping individuals,
without regard to geographical location, to start, maintain and expand small businesses.
Frequently Asked Questions About New Jersey § 34:1b-71
What does New Jersey Statutes § 34:1b-71 cover?
Section 34:1b-71 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-71?
A common citation format is "New Jersey Statutes § 34:1b-71" (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-71 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.