New Jersey § 49:2a-5
Full text of New Jersey New Jersey Statutes § 49:2a-5, with citation guidance and answers to common questions.
§ 49:2a-5.
The Governor shall submit to the Legislature, after January 1, 1988 and on or before
January 20, 1988, and after January 1 and on or before January 20 annually thereafter,
a written report providing a review of the allocation of the State volume cap during the preceding calendar year and the preliminary allocation anticipated for
the current calendar year. If the information concerning the preliminary allocation is not available on each
January 20, the Governor shall submit that information to the Legislature as soon
as the information is available. The annual report shall include for the year being reviewed and for the current
calendar year, as may be applicable: a. A statement of the annual State volume cap ; b. An explanation of any formula used or to be used for the allocation among issuers; c. The name of issuers granted any portion of the annual State volume cap , the amount of the State volume cap allocated to each issuer, the amount of bonds issued under the classifications of
qualified private activity bonds set forth in section 146 of the Code and tax-credit bonds and tax-subsidy bonds under any other applicable section of the
Code , a description of the nature of each bond issuance under the State volume cap and the private business use if any applicable to the bonds, and any elective carryforward and reallocation and the use
and purposes thereof; and d. A statement of guidelines, terms and conditions, and procedures established by
any department of State Government or issuer promulgated under the authority of section
4 of this act and under the authority of any executive action taken thereunder, and
any action concerning the allocation of the State volume cap or any carryforward that is an exception or deviation from the standard
guidelines, terms and conditions, and procedures. The Governor shall also submit to the Legislature in writing, as soon as is possible,
any modification or revocation of an allocation procedure or formula established pursuant
to section 4 of this act.
Frequently Asked Questions About New Jersey § 49:2a-5
What does New Jersey Statutes § 49:2a-5 cover?
Section 49:2a-5 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 § 49:2a-5?
A common citation format is "New Jersey Statutes § 49:2a-5" (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 § 49:2a-5 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.