N.J. Stat. § 58:10B-4

Current through L. 2024, c. 62.
Section 58:10B-4 - Hazardous Discharge Site Remediation Fund
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.

N.J.S. § 58:10B-4

Amended by L. 2009, c. 60,s. 44, eff. 11/3/2009.
Amended by L. 2007, c. 135,s. 1, eff. 11/4/2007.
Amended by L. 2005, c. 223, s. 2, eff. 9/15/2005.
L.1993, c.139, s.26; amended 1997 c. 278, s. 12.