New Jersey § 58:11b-20

§ 58:11b-20.

As used in sections 1 through 8 of P.L.2023, c. 63 ( C.58:11B-20.3 et al.): “ Bank ” means the New Jersey Infrastructure Bank, created pursuant to section 4 of P.L.1985,

c. 334 ( C.58:11B-4 ). “ Bonds ” mean the bonds issued, or authorized to be issued, by the bank pursuant to sections

1 through 8 of P.L.2023, c. 63 ( C.58:11B-20.3 et al.) and in compliance with the bank's authority pursuant to, and subject to the

same conditions as provided in, P.L.1985, c. 334 ( C.58:11B-1 et seq. ) or P.L.1997, c. 224 ( C.58:11B-10.1 et al.), as applicable. “ Commissioner ” means the Commissioner of Environmental Protection. “ Community Hazard Assistance Mitigation Program ” means the program established by the bank pursuant to sections 1 through 8 of P.L.2023, c. 63 ( C.58:11B-20.3 et al.). “ Fund ” means the Community Hazard Assistance Mitigation Program Revolving Loan Fund established

pursuant to section 3 of P.L.2023, c. 63 ( C.58:11B-10.6 ). “ Hazard mitigation and resilience project ” means a hazard mitigation and resilience project identified on a State or local

hazard mitigation plan, undertaken by the State, a local government unit, or a nonprofit

organization in accordance with the provisions of the STORM Act. “ Loan origination fee ” means the fee charged by the bank in connection with services provided to a sponsor

of a hazard mitigation and resilience project pursuant to the sponsor's participation

in the Community Hazard Assistance Mitigation Program. A project sponsor may finance any portion of the loan origination fee through the

bank by a hazard mitigation and resilience project assistance loan to pay a portion

of the costs incurred by the bank in the implementation of the Community Hazard Assistance

Mitigation Program. “ Local government unit ” means any county or municipality, or any agency, instrumentality, authority, or

corporation of any county or municipality, or any other entity eligible to receive

federal funds pursuant to the STORM act. “ Nonprofit organization ” means a private nonprofit organization that is exempt from federal taxation pursuant

to section 501 (c)(3) of the federal Internal Revenue Code , 26 U.S.C. s.501 (c)(3) . “ Other assistance ” means the same as the same as the term is defined in section 3 of P.L.1985, c. 334

( C.58:11B-3 ). “ State Office of Emergency Management ” means the Office of Emergency Management in the Division of State Police in the

Department of Law and Public Safety. “ STORM Act ” means the “Safeguarding Tomorrow through Ongoing Risk Mitigation Act,” Pub. L. 116-284 , as amended or superseded, and any rules, regulations, or guidance adopted pursuant

thereto by the Federal Emergency Management Agency.