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
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;
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