New Jersey § 52:27d-53
Full text of New Jersey New Jersey Statutes § 52:27d-53, with citation guidance and answers to common questions.
§ 52:27d-53.
(a) There is hereby created in the State Treasury a special account which shall be
known as the State Urban Renewal Assistance Fund. There shall be included in said fund all moneys appropriated by the Legislature
of this State for inclusion therein. The State Treasurer, with the advice of the commissioner, may invest and reinvest
any moneys in said fund, or any portion thereof, in legal obligations of the United
States or this State or any political subdivision thereof. Any income or interest on, or increment to, moneys so invested or reinvested shall
be included in said fund. (b) Upon the approval by the commissioner of any application for a capital grant pursuant
to this act, the commissioner may requisition and warrant, and the State Treasurer
shall pay over, the moneys in said fund, or any portion thereof, to the contracting
municipality or local public agency in accordance with commitments made and contracts
executed pursuant to this act.
Frequently Asked Questions About New Jersey § 52:27d-53
What does New Jersey Statutes § 52:27d-53 cover?
Section 52:27d-53 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-53?
A common citation format is "New Jersey Statutes § 52:27d-53" (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-53 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.