New Jersey § 58:11b-10
Full text of New Jersey New Jersey Statutes § 58:11b-10, with citation guidance and answers to common questions.
§ 58:11b-10.
a. There is established in the New Jersey Infrastructure Bank a special fund to be
known as the Department of Environmental Protection Loan Origination Fee Fund. The Department of Environmental Protection Loan Origination Fee Fund shall be credited
with: (1) moneys deposited into the fund as loan origination fees received by the Department
of Environmental Protection and paid by project sponsors of wastewater treatment system
projects or water supply projects financed under the New Jersey Environmental Infrastructure
Financing Program; and (2) any interest paid on the amounts on deposit in the Department of Environmental Protection Loan Origination Fee Fund . b. Moneys in the Department of Environmental Protection Loan Origination Fee Fund
shall be drawn and used by the Department of Environmental Protection for administrative and operating
expenses incurred by the department in administering the New Jersey Environmental
Infrastructure Financing Program, except that the total amount utilized by the department
for administrative and operating expenses in any fiscal year shall not exceed $5,000,000. The monies in the Department of Environmental Protection Loan Origination Fee Fund shall also
be available for application by the department for State matching funds or loans to
local government units for the cost of wastewater treatment system or water supply
projects. Amounts in excess of the funds drawn by the department from the Department of Environmental Protection
Loan Origination Fee Fund during any given fiscal year shall be carried forward into the following fiscal year and held on deposit in the fund . c. As used in this section, “ Department of Environmental Protection loan origination fee ” means the fee charged by the Department of Environmental Protection in connection with engineering and environmental services provided by the department
to a project sponsor pursuant to such project sponsor's participation in the New Jersey
Environmental Infrastructure Financing Program. A project sponsor may finance any portion of the Department of Environmental Protection
loan origination fee through the trust by a trust loan to pay a portion of the costs incurred by the department in the implementation
of the New Jersey Environmental Infrastructure Financing Program.
Frequently Asked Questions About New Jersey § 58:11b-10
What does New Jersey Statutes § 58:11b-10 cover?
Section 58:11b-10 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 § 58:11b-10?
A common citation format is "New Jersey Statutes § 58:11b-10" (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 § 58:11b-10 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.