New Jersey § 34:1b-73
Full text of New Jersey New Jersey Statutes § 34:1b-73, with citation guidance and answers to common questions.
§ 34:1b-73.
a. There is created, in the New Jersey Economic Development Authority, a “New Jersey
Micro-Business Assistance Program,” hereinafter, “the program.” The program shall be established by the authority in collaboration with the department. The program shall consist of loans, loan guarantees, or both, and training and technical
assistance which shall be provided to qualified micro-businesses through a network
of regional micro-business development corporations. b. To implement the program, the authority shall, to the greatest extent feasible,
cooperate with micro-business development corporations in no less than three service
regions of the State consisting of one or more counties in seeking to involve the
resources of local banks and financial institutions in order to leverage dollars available
for the program. The service regions shall be determined by the authority on the basis of: comparative
unemployment or underemployment; an economic environment conducive to the establishment
or expansion of businesses built around qualified micro-businesses; the need for
assistance in maintaining, rehabilitating or refurbishing micro-businesses where such
activity will protect or enhance a small-business economy; and the level of anticipated
financial and other participation of county economic development agencies, municipal
economic development agencies or business organizations, and county or municipal educational
and nonprofit organizations. c. In designing and implementing the program, the authority is authorized to enter
into agreements with county and municipal agencies, and local business, educational
and nonprofit organizations, in order to leverage its development loans with funds
from such entities. Such agreements may also require participation from the county and municipal level
where training and technical assistance, and other self-employment services are concerned. The terms and conditions of all loans and loan guarantees provided by the authority
shall be determined by the authority.
Frequently Asked Questions About New Jersey § 34:1b-73
What does New Jersey Statutes § 34:1b-73 cover?
Section 34:1b-73 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-73?
A common citation format is "New Jersey Statutes § 34:1b-73" (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-73 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.