New Jersey § 52:27d-118
Full text of New Jersey New Jersey Statutes § 52:27d-118, with citation guidance and answers to common questions.
§ 52:27d-118.
The moneys appropriated in section 9 of this act 1 may be used to provide short-term financial assistance to eligible municipalities
to enable them to meet their immediate budgetary needs and regain their financial
stability, affording them an opportunity to develop, revive and expand their economic
bases. The financial assistance provided shall include, but not be limited to, loans, loan
guarantees, and grants. The form, amount and terms of the financial assistance, including whether or not
any loan shall be repaid with interest and if so, the rate of interest, shall be determined
by the Local Finance Board. All loans, along with the interest thereon, if any, shall be repaid by the recipient
municipality to the State on the date or dates specified by the Local Finance Board. 1
Appropriation.
Frequently Asked Questions About New Jersey § 52:27d-118
What does New Jersey Statutes § 52:27d-118 cover?
Section 52:27d-118 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 § 52:27d-118?
A common citation format is "New Jersey Statutes § 52:27d-118" (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 § 52:27d-118 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.