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Code · New Jersey · Title 34 — Public Health and Safety · Chapter 1B

34:1B-7.4. Financing of projects; economic feasibility and recovery of costs

110 words·~1 min read·/nj/title-34/chapter-1b/34-1b-7-4·

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Financing of projects pursuant to this act shall be in such form, amount and on such terms as the authority shall believe necessary in order to assure the economic feasibility of a project and to assure, to the greatest degree compatible with that purpose, the full recovery of costs incurred by the authority in the undertaking of the project. The authority shall assure by the terms of the financing of projects that at least 75% of the moneys appropriated to the economic development fund from the "Community Development Bond Fund" shall be recovered and shall continue thereafter to be available for financing under this act.
L.1981, c. 505, s. 4.
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