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New Jersey Statutes, Title: 34, LABOR AND WORKMEN'S COMPENSATION
Chapter 1b:
Section: 34:1b-7.18: Legislative approval of certain transactions
9. Notice of loans, guarantees, grants or other forms of financing for projects from such funds as may be made available under subsections a. and e. of section 4 of this act shall be submitted to the Legislature at least 30 days prior to the closing of any transaction but the transaction may proceed subsequent to that notice. Loans, guarantees, grants or other forms of financing for projects from such funds as may be made available under subsections b. and c. of section 4 of this act shall be submitted to the Legislature for approval at least 45 days prior to the closing of any transaction. If the Legislature takes no action within that period, the transaction shall be deemed to be approved.
L.1992,c.16,s.9.
This section added to the Rutgers Database: 2012-09-26 13:37:50.
Older versions of 34:1b-7.18 (if available):
Court decisions that cite this statute:
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