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Code · New Jersey · Title 55 — Fiduciaries and Trusts · Chapter 14J

55:14J-42. Mortgage assistance account

111 words·~1 min read·/nj/title-55/chapter-14j/55-14j-42·

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There is hereby created and established in the department a "Mortgage Assistance Account" which shall consist of:
a. All moneys derived from the sale of the "State Mortgage Assistance Bonds" and appropriated from the proceeds of such bond sales.
b. Any moneys which the department shall receive in repayment of loans or advances from the Mortgage Assistance Fund established pursuant to P.L.1976, c. 94, notwithstanding the provisions of any act or part thereof.
c. Any other moneys made available to the department from any source or sources which the commissioner shall allocate to the fund for the purposes authorized by this act.
L.1976, c. 133, s. 2, eff. Dec. 27, 1976.
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