New Jersey Statutes 55:14J-43. Payment to housing finance agency for reserve fund
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Terms Used In New Jersey Statutes 55:14J-43
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The Commissioner of the Department of Community Affairs is authorized to pay from the mortgage assistance account to the New Jersey Housing Finance Agency $6,000,000.00 for deposit in one or more reserve funds to assist the New Jersey Housing Finance Agency to provide permanent financing for developments financed or to be financed by it.
L.1976, c. 133, s. 3, eff. Dec. 27, 1976.