New Jersey Statutes 52:27D-374. Limitation on grants
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Terms Used In New Jersey Statutes 52:27D-374
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Each neighborhood housing services corporation or umbrella corporation which fulfills the qualifications set forth in section 8 of this act may apply for a grant in an amount not to exceed one-third of its annual operating budget or $50,000.00 for each neighborhood housing services program, whichever is less.
L. 1987, c. 50, s. 9.