New Jersey § 48:2-13.1 Rural, electric cooperatives;  powers of board

New Jersey Statutes

§ 48:2-13.1 — Rural, electric cooperatives; powers of board

New Jersey § 48:2-13.1

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:2-13.1 (Rural, electric cooperatives; powers of board) 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. § 48:2-13.1 (2026).

Text

Notwithstanding the provisions of any other law, rule or regulation to the contrary, with respect to a rural, electric cooperative which is exclusively owned and controlled by the consumers it serves, the Board of Public Utilities shall not exercise any jurisdiction or control over the rates, charges or operation of the cooperative nor shall the approval of the board be required to authorize or validate any mortgage or encumbrance of real property of or the issuance or execution of any evidence of indebtedness by the cooperative, except that the board shall retain its jurisdiction to determine disputes concerning the territory served or to be served by an electric cooperative. L.1983, c. 78, s. 1, eff. Feb. 24, 1983.

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Notwithstanding the provisions of any other law, rule or regulation to the contrary, with respect to a rural, electric cooperative which is exclusively owned and controlled by the consumers it serves, the Board of Public Utilities shall not exercise any jurisdiction or control over the rates, charges or operation of the cooperative nor shall the approval of the board be required to authorize or validate any mortgage or encumbrance of real property of or the issuance or execution of any evidence of indebtedness by the cooperative, except that the board shall retain its jurisdiction to determine disputes concerning the territory served or to be served by an electric cooperative. L.1983, c. 78, s. 1, eff. Feb. 24, 1983.