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New Jersey Statutes Title 58. Waters and Water Supply 58 § 10B-4

Current as of February 19, 2021 | Updated by FindLaw Staff

a. There is established in the New Jersey Economic Development Authority a special, revolving fund to be known as the Hazardous Discharge Site Remediation Fund.  Except as provided in section 4 of P.L.2007, c. 135 (C.52:27D-130.7), moneys in the remediation fund shall be dedicated for the provision of financial assistance or grants to municipalities, counties, redevelopment entities authorized to exercise redevelopment powers pursuant to section 4 of P.L.1992, c. 79 (C.40A:12A-4), and persons, for the purpose of financing remediation activities at sites at which there is, or is suspected of being, a discharge of hazardous substances or hazardous wastes.

b. The remediation fund shall be credited with:

(1) moneys as are appropriated by the Legislature;

(2) moneys deposited into the fund as repayment of principal and interest on outstanding loans made from the fund;

(3) any return on investment of moneys deposited in the fund;

(4) (Deleted by amendment, P.L.2009, c. 60);

(5) moneys deposited in the fund as repayment of recoverable grants made by the New Jersey Redevelopment Authority for brownfield redevelopment;

(6) moneys deposited into the fund from cost recovery subrogation actions;  and

(7) moneys made available to the authority for the purposes of the fund.

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Cite this article: FindLaw.com - New Jersey Statutes Title 58. Waters and Water Supply 58 § 10B-4 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-58-waters-and-water-supply/nj-st-sect-58-10b-4/

Read this complete New Jersey Statutes Title 58. Waters and Water Supply 58 § 10B-4 on Westlaw

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