New Jersey § 58:11b-21

§ 58:11b-21.

On or before May 15 of each year, the trust shall submit to the Legislature a financial

plan designed to implement the financing of the water supply projects either on the

Interim Drinking Water Financing Program Project Priority List, hereinafter referred

to as the “drinking water project priority list,” or the drinking water project eligibility

list, approved pursuant to section 24 of P.L.1997, c. 224 ( C.58:11B-20.1 ) or as otherwise approved by the Legislature. The financial plan shall contain an enumeration of the bonds, notes or other obligations

of the trust which the trust intends to issue, including the amounts thereof and the

terms and conditions thereof, a list of loans to be made to local government units,

public water utilities, or to any other person or local government unit on behalf

of a public water utility, including the terms and conditions thereof and the anticipated

rate of interest per annum and repayment schedule therefor, and a list of loan guarantees

or contracts to guarantee the payment of all or a portion of the principal and interest

on bonds, notes or other obligations issued by a local government unit to finance

the cost of a water supply project, and the terms and conditions thereof. The financial plan shall also set forth a complete operating and financial statement

covering its proposed operations during the forthcoming fiscal year, including amounts

of income from all sources, and the uniform schedule of fees and charges established

by the trust pursuant to subsection o. of section 5 of P.L.1985, c. 334 ( C.58:11B-5 ), and the amounts to be derived therefrom, and shall summarize the status of each

water supply project for which loans or guarantees have been made by the trust, and

shall describe major impediments to the accomplishment of the planned water supply

projects.