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.
Whenever the board shall determine to provide financial assistance to an eligible
municipality pursuant to the provisions of this act, the board shall forthwith notify
the Governor, the President of the Senate, the Speaker of the General Assembly and
the State Treasurer. The notice shall set forth: a. The municipality's eligibility for a payment of financial assistance under the
provisions of this act; b. The board's determination of the amounts of financial assistance to be paid to
that eligible municipality; c. 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 that interest, and
the factors considered by the board in making those determinations; d. The actions the governing body of the eligible municipality intends to take in
the current local budget year to meet the municipality's revenue needs; e. The actions the governing body intends to take to expand the eligible municipality's
local revenue generating capacity for subsequent local budget years; and f. Any other information or data the board deems appropriate and necessary.
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.