N.J. Stat. § 55:19-51
Use of moneys, priorities, relative to Local Development Financing Fund
New Jersey · New Jersey Statutes Title 55 — Tenement Houses and Public Housing · Status: effective
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- N.J. Stat. § 55:19-51, Use of moneys, priorities, relative to Local Development Financing Fund, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1484584
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Full text
32. Moneys deposited in the fund established pursuant to section 4 of P.L.1983, c.190 (C.34:1B-39), shall be used to provide financial assistance to sponsors for implementation of projects as defined pursuant to P.L.1974, c.80 (C.34:1B-1 et seq.). Financial assistance provided by the fund shall be used to meet eligible project costs as defined pursuant thereto. Eligible projects to be undertaken by the New Jersey Redevelopment Authority pursuant to P.L.1996, c.62 (C.55:19-20 et al.), shall be given priority consideration by the Commissioner of Commerce and Economic Development in administering this fund.