26:2H-12.18 Reserve requirement as fulfillment of utilization requirements.
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/nj/title-26/chapter-2h/26-2h-12-18·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
3. The 10% reserve requirement of this act shall be recognized to fulfill all or a portion, as applicable, of low and moderate income or Medicaid utilization requirements contained in municipal ordinances and shall satisfy all or a portion, as applicable, of low income housing requirements for assisted living residences or comprehensive personal care homes that are financed by bonds mandating low income housing as a condition of financing.
L.2001,c.234,s.3.