New Jersey § 52:27d-478
Full text of New Jersey New Jersey Statutes § 52:27d-478, with citation guidance and answers to common questions.
§ 52:27d-478.
Subject to the limitations contained in the “Revenue Allocation District Financing
Act,” sections 11 through 41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ), each district shall remain in existence until obligations for any project in that
district cease to be outstanding; provided, however, the district may be terminated
if sufficient moneys have been deposited in the revenue allocation fund, which, when
invested in obligations of or guaranteed by the United States government, will be
sufficient to pay when due the principal of and interest on the bonds at maturity
or any redemption date or full payment of any other obligations, and if the board
approves the dissolution of the district. The Division of Local Government Services in the Department of Community Affairs
may recommend to the municipality the dissolution of a district which has not taken
substantial steps to implement the plan, so long as there are no bonded obligations
outstanding or contractual obligations to pay any part of project costs.
Frequently Asked Questions About New Jersey § 52:27d-478
What does New Jersey Statutes § 52:27d-478 cover?
Section 52:27d-478 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-478?
A common citation format is "New Jersey Statutes § 52:27d-478" (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-478 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.