New Jersey § 52:31c-5
Full text of New Jersey New Jersey Statutes § 52:31c-5, with citation guidance and answers to common questions.
§ 52:31c-5.
a. The State Treasurer may establish a State payment account for a structured financing
transaction. If the State Treasurer determines that a State payment account should be established,
the State Treasurer is authorized to: (1) Select the payment bank in such manner as the State Treasurer may determine to
be appropriate; (2) Direct the deposit of moneys to the payment bank to fund the State payment account;
and (3) Take any actions necessary or convenient in connection with the establishment
of the State payment account. b. There are appropriated such moneys as are required to be deposited in a State payment
account for the purposes specified in the related structured financing agreement.
Frequently Asked Questions About New Jersey § 52:31c-5
What does New Jersey Statutes § 52:31c-5 cover?
Section 52:31c-5 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 § 52:31c-5?
A common citation format is "New Jersey Statutes § 52:31c-5" (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 § 52:31c-5 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.