New Jersey § 58:11b-10

§ 58:11b-10.

The trust shall create and establish a special fund to be known as the “wastewater

treatment system general loan fund.” The monies in the fund shall only be used for projects funded by the New Jersey Environmental

Infrastructure Financing Program. Subject to the provisions of the legislation appropriating moneys to the trust, subject

to any other 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.), or 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 ) providing otherwise, and subject to agreements with the holders of bonds, notes

and other obligations of the trust, the trust shall deposit into the wastewater treatment

system general loan fund all revenues and receipts of the trust, including moneys

received by the trust as payment of the principal of and the interest or premium on

loans made from moneys in any wastewater treatment system fund or account held by

the trust under P.L.1985, c. 334 ( C.58:11B-1 et seq. ), P.L.1997, c. 224 ( C.58:11B-10.1 et al.), or 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 the earnings on the moneys in any wastewater treatment system fund or account

of the trust, and all grants, appropriations, other than those referred to in section

11 of P.L.1985, c. 334 ( C.58:11B-11 ), contributions, or other moneys from any source, available for the making of loans

to local government units. The amounts in the wastewater treatment system general loan fund shall be available

for application by the trust for loans to local government units for the cost of wastewater

treatment system projects, and for other corporate purposes of the trust related to

wastewater treatment systems, subject to agreements with the holders of bonds, notes

or other obligations of the trust.