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New Jersey Statutes, Title: 26, HEALTH AND VITAL STATISTICS
Chapter 2H: Declaration of public policy
Section: 26:2H-12.18: Reserve requirement as fulfillment of utilization requirements.
3. The 10\% reserve requirement of this act shall be recognized to fulfill all or a portion, as applicable, of low and moderate income or Medicaid utilization requirements contained in municipal ordinances and shall satisfy all or a portion, as applicable, of low income housing requirements for assisted living residences or comprehensive personal care homes that are financed by bonds mandating low income housing as a condition of financing.
This section added to the Rutgers Database: 2012-09-26 13:37:49.
Older versions of 26:2H-12.18 (if available):
Court decisions that cite this statute: