New Jersey Infrastructure Bank definition

New Jersey Infrastructure Bank or “I-Bank” means a body corporate and politic organized under the laws of the State of New Jersey pursuant to N.J.S.A. 58:11B-1 et seq.

New Jersey Infrastructure Bank or “bank” means the New

New Jersey Infrastructure Bank or “bank” means the New Jersey Infrastructure Bank created pursuant to section 4 of P.L.1985, c.334 (C.58:11B-4).

Examples of New Jersey Infrastructure Bank in a sentence

• No down payment is required hereunder as this ordinance involved an environmental infrastructure project to be funded by loans pursuant to the New Jersey Infrastructure Bank Financing Program.

• Pursuant to N.J.S.A. 40A:2-11(c), no down payment is provided for the cost of the improvement or purpose since the improvement or purpose described in Section 3(a) hereof is being funded through the New Jersey Infrastructure Bank and because the improvement or purpose authorized herein is deemed self-liquidating and the bonds and bond anticipation notes authorized herein are deductible from the gross debt of the Township, as more fully described in Section 6(e) of this bond ordinance.Section 2.

• The New Jersey Infrastructure Bank shall serve as the fund administrator of the Retirement Infrastructure Collateralized Holdings Fund, and shall carry out its powers and duties pursuant to a services agreement with the board.

• The board may employ such professional and clerical staff as it deems necessary and may call upon the employees of the New Jersey Infrastructure Bank and the Division of Investments for such assistance as it deems necessary and as may be available to it.

• The fund will be administered by the New Jersey Infrastructure Bank and will have a board comprised of the chairperson of the New Jersey Infrastructure Bank, the director of the Division of Investments, and one member of the public appointed by the Governor with the advice and consent of the Senate.

• Pursuant to N.J.S.A. 40A:2-11(c), no down payment is provided for the cost of the improvement or purpose since the improvement or purpose described in Section 3(a) hereof is being funded through the New Jersey Infrastructure Bank and because the improvement or purpose authorized herein is deemed self-liquidating and the bonds and bond anticipation notes authorized herein are deductible from the gross debt of the Township, as more fully described in Section 6(e) of this bond ordinance.

• The New Jersey Infrastructure Bank is authorized to make loans to or on behalf of the project sponsors for the clean water projects listed in subsection a.

• The Retirement Infrastructure Collateralized Holdings Fund shall have a board, comprised of three members as follows: the chairperson of the New Jersey Infrastructure Bank, serving ex officio, the director of the Division of Investments, established pursuant to section 1 of P.L.1950, c.270 (C.52:18A-79), and one member of the public appointed by the Governor with the advice and consent of the Senate.