New Jersey § 55:14k-57
Full text of New Jersey New Jersey Statutes § 55:14k-57, with citation guidance and answers to common questions.
§ 55:14k-57.
a. In furtherance of the public policy of this act, the agency shall set aside, from
the bonds of the agency, an amount to be determined by the agency of the total aggregate
original principal amount of such bonds to provide mortgage loans to purchasers under
the Affordable Home Ownership Opportunities Program created pursuant to this act. b. The purpose of these bonds shall be to assist qualified nonprofit organizations
in the creation of eligible low and moderate income housing projects in the manner
and to the extent provided in the program established by this act. c. The bonds shall bear the rate or rates of interest as may be determined by the
agency, which interest shall be payable as may be determined by the agency.
Frequently Asked Questions About New Jersey § 55:14k-57
What does New Jersey Statutes § 55:14k-57 cover?
Section 55:14k-57 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 § 55:14k-57?
A common citation format is "New Jersey Statutes § 55:14k-57" (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 § 55:14k-57 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.