New Jersey § 40:23-12.1 Definitions

New Jersey Statutes

§ 40:23-12.1 — Definitions

New Jersey § 40:23-12.1

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:23-12.1 (Definitions) 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. § 40:23-12.1 (2026).

Text

As used in this act: "Farmland" means land that qualifies for valuation, assessment, and taxation pursuant to the "Farmland Assessment Act of 1964," P.L. 1964, c. 48 (C. 54:4-23.1 et seq.). "Low-interest loan" means a loan issued at an annual interest rate not in excess of 1% above the rate paid by the county on the obligations issued to fund the loan program authorized pursuant to section 2 of this act. L. 1987, c. 34, s. 1.

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As used in this act: "Farmland" means land that qualifies for valuation, assessment, and taxation pursuant to the "Farmland Assessment Act of 1964," P.L. 1964, c. 48 (C. 54:4-23.1 et seq.). "Low-interest loan" means a loan issued at an annual interest rate not in excess of 1% above the rate paid by the county on the obligations issued to fund the loan program authorized pursuant to section 2 of this act. L. 1987, c. 34, s. 1.