New Jersey Statutes 27:1A-82. Dredged material processing; “Maritime Industry Fund.”
Terms Used In New Jersey Statutes 27:1A-82
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
b. There is established in the General Fund a separate, non-lapsing, dedicated account to be known as the “Maritime Industry Fund,” hereinafter referred to as “the fund.” Notwithstanding any provisions of law to the contrary and except as otherwise provided in this act, the Maritime Industry Fund shall be utilized to provide for projects that support New Jersey’s maritime industry.
c. Each fiscal year, the State Treasurer shall credit all revenues from any State dredged material processing facility to the fund.
d. Each fiscal year, the State Treasurer shall credit all earnings received from the investment or deposit of revenue in the fund, to the fund.
e. All revenues and earnings deposited in the fund shall be appropriated in the same fiscal year to the department exclusively in furtherance of the purposes set forth in this act.
L.2001,c.429,s.8.