N.J.S. § 13:8C-51 "Preserve New Jersey Historic Preservation Fund."

• Library: New Jersey Permanent Statutes
• Edition: 2023
• Currency: Current through L. 2023, c. 194.
• Year: 2023
• Citation: N.J.S. § 13:8C-51

a. The State Treasurer shall establish a fund to be known as the "Preserve New Jersey Historic Preservation Fund" and shall deposit all moneys received pursuant to paragraph (4) of subsection a. of section 5 of P.L. 2016, c. 12(C.13:8C-47), paragraph (3) of subsection a. of section 1 of P.L. 2019, c. 136(C.13:8C-47.1), and any other moneys appropriated by law for deposit into the fund.

Moneys in the fund shall be invested in permitted investments or shall be held in interest-bearing accounts in those depositories as the State Treasurer may select, and may be invested and reinvested in permitted investments or as other trust funds in the custody of the State Treasurer in the manner provided by law. All interest or other income or earnings derived from the investment or reinvestment of moneys in the fund shall be credited to the fund.

b.

(1) The moneys in the fund are specifically dedicated and shall be used for:

(a) the same purposes as those set forth in section 41 of P.L. 1999, c. 152(C.13:8C-41);

(b) emergency intervention and the acquisition of historic preservation easements;

(c) matching grants to the Department of Environmental Protection to meet the cost of preservation of State-owned historic properties; and

(d) the purposes as provided in paragraphs (2) and (3) of this subsection.

(2) Notwithstanding any provision of P.L. 2016, c. 12(C.13:8C-43 et seq.) or P.L. 1999, c. 152(C.13:8C-1 et seq.) to the contrary, the Palisades Interstate Park Commission established pursuant to P.L. 1980, c.104 (C.32:14-1.1 et seq.) shall be eligible for grants pursuant to the provisions of section 41 of P.L. 1999, c. 152(C.13:8C-41) for projects located in New Jersey. A project by the Palisades Interstate Park Commission for historic preservation purposes shall be subject to the same criteria and conditions set forth in section 41 of P.L. 1999, c. 152(C.13:8C-41) applicable to a project by a local government unit.