N.J.S.A. 55:14J-50 — Federal grants; establishment and maintenance of mortgage assistance fund

55:14J-50. Federal grants; establishment and maintenance of mortgage assistance fund The commissioner is hereby empowered to enter into negotiations with the Federal Government for the purpose of securing any available financial grants and to receive any such grants and thereafter the State Treasurer may cause them to be established and maintained in the aforementioned Mortgage Assistance Fund. Any such funds so established and maintained may be requisitioned by the Department of Community Affairs for the uses and purposes specified herein, subject to the same restrictions and control as are exercised over all other appropriated State funds, but not inconsistent with the provisions of the act hereinabove mentioned. L.1976, c. 133, s. 10, eff. Dec. 27, 1976.

This is the verbatim text of N.J.S.A. 55:14J-50, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.