55:14K-24. Allocation of state ceiling on aggregate amount of qualified mortgage bonds under I.R.C. s. 103A(g) to agency
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/nj/title-55/chapter-14k/55-14k-24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of subsection
(g)of section 103A of the federal Internal Revenue Code of 1954, as amended, the State ceiling on the aggregate amount of qualified mortgage bonds which may be issued in the State shall be allocated 100% to the agency.
L.1983, c. 530, s. 24, eff. Jan. 17, 1984.