New Jersey § 55:14K-25 Reservation of funds for use in municipalities eligible for state aid for services and to offset property taxes

New Jersey Statutes

§ 55:14K-25 — Reservation of funds for use in municipalities eligible for state aid for services and to offset property taxes

New Jersey § 55:14K-25

Title 55TENEMENT HOUSES AND PUBLIC HOUSING

This text of New Jersey § 55:14K-25 (Reservation of funds for use in municipalities eligible for state aid for services and to offset property taxes) 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. § 55:14K-25 (2026).

Text

At least 25% of the funds made available by the agency for the acquisition, operation, construction, rehabilitation, conversion, improvement or ownership of residential properties of from one to four, or from five to 12, dwelling units shall be reserved for use in municipalities which qualify for State aid under P.L.1978, c. 14 (C. 52:27D-178 et seq.). The period of reservation shall be established by the agency at its discretion, but shall not be less than four months. The period may be extended at the agency's discretion, with or without adjusting the amount of funds so reserved. L.1983, c. 530, s. 25, eff. Jan. 17, 1984.

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At least 25% of the funds made available by the agency for the acquisition, operation, construction, rehabilitation, conversion, improvement or ownership of residential properties of from one to four, or from five to 12, dwelling units shall be reserved for use in municipalities which qualify for State aid under P.L.1978, c. 14 (C. 52:27D-178 et seq.). The period of reservation shall be established by the agency at its discretion, but shall not be less than four months. The period may be extended at the agency's discretion, with or without adjusting the amount of funds so reserved. L.1983, c. 530, s. 25, eff. Jan. 17, 1984.