58:11B-10. "Wastewater treatment system general loan fund"
10. The trust shall create and establish a special fund to be known as the "wastewater treatment system general loan fund."
Subject to the provisions of the legislation appropriating moneys to the trust, subject to any other provision of P.L.1985, c.334 (C.58:11B-1 et seq.) or P.L.1997, c.224 (C.58:11B-10.1 et al.) providing otherwise, and subject to agreements with the holders of bonds, notes and other obligations of the trust, the trust shall deposit into the wastewater treatment system general loan fund all revenues and receipts of the trust, including moneys received by the trust as payment of the principal of and the interest or premium on loans made from moneys in any wastewater treatment system fund or account held by the trust under P.L.1985, c.334 (C.58:11B-1 et seq.) or P.L.1997, c.224 (C.58:11B-10.1 et al.), and the earnings on the moneys in any wastewater treatment system fund or account of the trust, and all grants, appropriations, other than those referred to in section 11 of P.L.1985, c.334 (C.58:11B-11), contributions, or other moneys from any source, available for the making of loans to local government units. The amounts in the wastewater treatment system general loan fund shall be available for application by the trust for loans to local government units for the cost of wastewater treatment system projects, and for other corporate purposes of the trust related to wastewater treatment systems, subject to agreements with the holders of bonds, notes or other obligations of the trust.
L.1985,c.334,s.10; amended 1997, c.224, s.10.
Section: Previous 58-11b-9 58-11b-9.1 58-11b-9.2 58-11b-9.3 58-11b-9.4 58-11b-9.5 58-11b-9.6 58-11b-10 58-11b-10.1 58-11b-10.2 58-11b-11 58-11b-12 58-11b-13 58-11b-14 58-11b-15 Next
Last modified: October 11, 2016