New Jersey § 26:2I-29 Additional powers of authority in respect to loans.

New Jersey Statutes

§ 26:2I-29 — Additional powers of authority in respect to loans.

New Jersey § 26:2I-29

Title 26HEALTH AND VITAL STATISTICS

This text of New Jersey § 26:2I-29 (Additional powers of authority in respect to loans.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 26:2I-29 (2026).

Text

29.The authority also shall have power: a. To make loans to any health care organization for the construction or acquisition of projects in accordance with a loan agreement. No such loan shall exceed the total cost of such project. Each such loan shall be promised upon an agreement between the authority and the health care organization as to payment, security, maturity, redemption, interest and other appropriate matters.

b.To make loans to any health care organization to refund existing bonds, mortgages or advances given or made by the health care organization for the construction of projects to the extent that this will enable the health care organization to offer greater security for loans for new project construction. L.1972,c.29,s.29; amended 1997, c.435, s.14.

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29. The authority also shall have power: a. To make loans to any health care organization for the construction or acquisition of projects in accordance with a loan agreement. No such loan shall exceed the total cost of such project. Each such loan shall be promised upon an agreement between the authority and the health care organization as to payment, security, maturity, redemption, interest and other appropriate matters. b. To make loans to any health care organization to refund existing bonds, mortgages or advances given or made by the health care organization for the construction of projects to the extent that this will enable the health care organization to offer greater security for loans for new project construction. L.1972,c.29,s.29; amended 1997, c.435, s.14.