New Jersey § 52:27d-162
Full text of New Jersey New Jersey Statutes § 52:27d-162, with citation guidance and answers to common questions.
§ 52:27d-162.
The Legislature finds, determines and declares: a. That within this State are many small municipalities, formerly centers of commerce,
trade and cultural life in surrounding rural areas, which have suffered chronic economic
decline because of changes in the patterns of transportation, commerce and land development; b. That many of the said municipalities, with near-urban population densities in the
midst of rural areas, have experienced and are experiencing declining property values,
loss of tax ratables and potential tax ratables, diminishment of local commerce and
increased unemployment and underemployment among their populations, so that they have
become pockets of economic depression within the areas of which they were formerly
centers; c. That most such municipalities cannot, without external aid, maintain adequate municipal
services by their own taxing capacity, nor have they the resources to expand and develop
that taxing capacity; d. That it is the purpose of this act to provide State aid supplementary to the taxing
capacity of such municipalities, for the purpose of assisting them to maintain adequate
municipal services.
Frequently Asked Questions About New Jersey § 52:27d-162
What does New Jersey Statutes § 52:27d-162 cover?
Section 52:27d-162 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-162?
A common citation format is "New Jersey Statutes § 52:27d-162" (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-162 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.