New Jersey § 52:9q-20
Full text of New Jersey New Jersey Statutes § 52:9q-20, with citation guidance and answers to common questions.
§ 52:9q-20.
The fund created by this act shall be used by the corporation to undertake projects
in accordance with the goals, objectives and priorities outlined in the plan and to
make loans or grants for the purpose of financing projects which are consistent with
the plan. Financing of projects pursuant to this act shall be in such form, amount and on
such terms as the corporation shall believe necessary in order to assure the economic
feasibility of a project and to assure, to the greatest degree compatible with that
purpose, the full recovery of costs incurred by the authority in the undertaking of
the project. The interest rate shall be sufficiently below the prevailing rate of interest to
attract private participation in the loan program. The corporation shall assure by the terms of the financing of projects that at least
65% of the moneys appropriated to the fund shall be recovered and shall continue to
be available for financing under this act.
Frequently Asked Questions About New Jersey § 52:9q-20
What does New Jersey Statutes § 52:9q-20 cover?
Section 52:9q-20 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 § 52:9q-20?
A common citation format is "New Jersey Statutes § 52:9q-20" (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 § 52:9q-20 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.