New Jersey § 58:11b-22
Full text of New Jersey New Jersey Statutes § 58:11b-22, with citation guidance and answers to common questions.
§ 58:11b-22.
a. On or before May 15 of each year, the bank shall submit to the Legislature pursuant
to section 2 of P.L.1991, c. 164 ( C.52:14-19.1 ), a financial plan designed to implement the financing of hazard mitigation and resilience
projects on the Community Hazard Mitigation Assistance Program Project Eligibility
List approved pursuant to section 6 of P.L.2023, c. 63 ( C.58:11B-20.5 ) or as otherwise approved by the Legislature. The financial plan shall list the bonds, notes, or other obligations of the bank
which the bank intends to issue, including the amounts thereof and the terms and conditions
thereof, a list of loans to be made, 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 the bonds, notes, or other obligations. The financial plan shall also set forth a complete operating and financial statement
covering the proposed operations of the Community Hazard Mitigation Assistance Program
during the forthcoming fiscal year, including amounts of income from all sources,
and the uniform schedule of fees and charges established by the bank, and the amounts
to be derived therefrom. The financial plan shall also summarize the status of each hazard mitigation and
resilience project for which loans or guarantees have been made by the bank, and shall
describe major impediments to the accomplishment of the planned hazard mitigation
and resilience projects. b. On or before June 30 of each year, the Legislature may reject the financial plan
through the adoption by both houses of a concurrent resolution. If the Legislature takes no action on or before June 30, the financial plan shall
be deemed approved. c. The financial plan required by this section shall not be eligible for inclusion
in a consolidated financial plan as established in section 27 of P.L.1997, c. 224 ( C.58:11B-22.2 ).
Frequently Asked Questions About New Jersey § 58:11b-22
What does New Jersey Statutes § 58:11b-22 cover?
Section 58:11b-22 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-22?
A common citation format is "New Jersey Statutes § 58:11b-22" (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-22 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.