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. The trust shall maintain the administrative responsibilities for financing projects
approved for assistance through the State Transportation Infrastructure Bank Fund,
in accordance with any applicable federal laws regarding the use of federal funds
on transportation projects, as well as any provision of P.L.1985, c. 334 ( C.58:11B-1 et seq. ), P.L.1997, c. 224 ( C.58:11B-10.1 et al.) and sections 22 and 34 through 38 of P.L.2016, c. 56 ( C.58:11B-10.3 through C.58:11B-10.5 , C.58:11B-20.2 , C.58:11B-22.3 , and C.58:11B-22.4 ), and provided that monies from the federally-funded transportation project subaccount are limited by the provisions of the federal infrastructure bank program. The trust is authorized to enter into agreements with one or more local government
units or consortia thereof for the use of monies from the State Transportation Infrastructure
Bank Fund to provide loans or other assistance for the purpose of financing all or
a portion of the costs incurred for the planning, acquisition, engineering, construction,
reconstruction, repair, and rehabilitation of a transportation project, aviation project, or marine project, provided that monies from the federally-funded transportation project subaccount are limited to the purposes permitted under the federal infrastructure
bank program. The terms of the federally-funded transportation project subaccount agreements shall be consistent with the requirements of the federal infrastructure
bank program and the trust may adopt rules and regulations to carry out these functions. b. The trust shall also develop a formal relationship with the Department of Transportation
for purposes, including, but not limited to, the evaluation of potential transportation
projects, aviation projects, and marine projects, fulfilling federal regulations regarding capital projects, coordinating with metropolitan
planning organizations, ensuring that any projects obtaining assistance are consistent
with the Statewide capital investment strategy, monitoring borrower creditworthiness
standards, and advancing local, regional, and Statewide transportation objectives.
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.