Statutes, codes, and regulations
New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTIONChapter 22 - FINANCIAL ASSISTANCE PROGRAMS FOR ENVIRONMENTAL INFRASTRUCTURE FACILITIES
Subchapter 3 - FUND PROCEDURES AND REQUIREMENTS
Section 7:22-3.25 - Assignment

N.J. Admin. Code § 7:22-3.25

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 7:22-3.25 - Assignment

The right of a recipient to receive disbursements from the State under a Fund loan may not be assigned, nor may repayments due under a Fund loan be similarly encumbered, unless such assignment or encumbrance has been approved in writing pursuant to the conditions set forth in the Fund loan agreement.

N.J. Admin. Code § 7:22-3.25

Amended by R.1992 d.42, effective 1/21/1992.
See: 23 New Jersey Register 3282(a), 24 New Jersey Register 246(a).
Reference to assignment or encumbrance approval needs to be in writing.