New Jersey § 52:27h-96
Full text of New Jersey New Jersey Statutes § 52:27h-96, with citation guidance and answers to common questions.
§ 52:27h-96.
The commissioner shall assist in reviewing and evaluating materials from studies for
which he has granted funds under the provisions of section 6 of this act. 1 If, following that review and evaluation, the commissioner determines that the purchase
of 100% of a business by the employees through an employee stock ownership trust would
have a reasonable chance of creating benefits to the public interest greater than
the total costs and risks, he may provide whatever assistance he deems appropriate,
subject to the availability of funds and to the provisions of federal, State and local
law. That assistance may include, but need not be limited to, loan guarantees, direct
interest subsidies or below market interest rate loans for the purpose of reducing
the cost of financing the purchase. 1
N.J.S.A. § 52:27H-95.
Frequently Asked Questions About New Jersey § 52:27h-96
What does New Jersey Statutes § 52:27h-96 cover?
Section 52:27h-96 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 § 52:27h-96?
A common citation format is "New Jersey Statutes § 52:27h-96" (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 § 52:27h-96 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.