New Jersey § 34:1b-77
Full text of New Jersey New Jersey Statutes § 34:1b-77, with citation guidance and answers to common questions.
§ 34:1b-77.
a. The authority shall have, in addition to the powers enumerated in section 5 of
P.L.1974, c. 80 ( C.34:1B-5 ), the power to enter into written agreements, including limited partnership agreements,
with one or more professional investors or small business investment corporations
or with one or more State agencies or authorities for the purposes of establishing
a pool of moneys to be deposited in the assistance fund and to provide moneys, to
be used exclusively for development loans to micro-business development corporations. The pooled moneys provided by the authority from the assistance fund shall be fixed
at an interest rate to be determined by the authority and shall be for a term not
exceeding one year. b. The authority may also accept grants, donations, and other private and public income,
including payments of interest on loans made by the authority. c. The authority shall deposit all moneys received under this section in the assistance
fund established pursuant to section 5 of this act. 1 1
N.J.S.A. § 34:1B-74.
Frequently Asked Questions About New Jersey § 34:1b-77
What does New Jersey Statutes § 34:1b-77 cover?
Section 34:1b-77 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-77?
A common citation format is "New Jersey Statutes § 34:1b-77" (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-77 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.