§ 17:16Z-1 Short title
§ 17:16Z-2 Definitions relative to banking development districts
§ 17:16Z-3 Banking Development District Program
§ 17:16Z-4 Rules, regulations setting forth criteria for establishment of banking development districts
§ 17:16Z-5 Application for designation of banking development district
§ 17:16Z-6 Selection of bank as depository for public moneys, funds
§ 17:16Z-7 Selection of bank as depository of funds of municipality
§ 17:16Z-8 Rules, regulations

Terms Used In New Jersey Statutes > Title 17 > Chapter 16Z - Banking Development District Act

  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • 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