N.J. Admin. Code § 7:22-6.25 - Assignment

Current through Register Vol. 54, No. 7, April 4, 2022

The right of a recipient to receive disbursements from the State under a Pinelands grant or loan may not be assigned, nor may repayments due under a Pinelands loan be similarly encumbered, unless such assignment or encumbrance has been approved in writing pursuant to the conditions set forth in the Pinelands grant or loan agreement.

Notes

N.J. Admin. Code § 7:22-6.25
Amended by R.1992 d.42, effective 1/21/1992.
See: 23 New Jersey Register 3282(a), 24 New Jersey Register 246(a).
Modified to reflect that assignment of loan disbursements and/or repayments (although expected to be an unlikely event) may be allowed if approved by the Department pursuant to the conditions of the Fund loan agreement.

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