# N.J. Stat. § 55:14K-5.3: Transfer of certain reserves to State for housing needs

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.3

## Section

- **Citation:** N.J. Stat. § 55:14K-5.3
- **Heading:** Transfer of certain reserves to State for housing needs
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 55 / Chapter 14K / Section 14K-5.3

## Text

1. Notwithstanding the provisions of any law to the contrary, the New Jersey Housing and Mortgage Finance Agency established pursuant to P.L.1983, c.530 (C.55:14K-1 et seq.) shall transfer, on or before the fifth day after enactment of this supplementary act, from unencumbered reserves in the funds of the agency, an amount not to exceed $25,000,000, as shall be determined by the State Treasurer, to the State Treasury for deposit in the State General Fund. The amount deposited in the State General Fund shall be available to pay for appropriations made from the General Fund for housing and related needs of New Jersey residents. L.2002,c.4,s.1.

## Nearby sections

- [N.J. Stat. § 55:14K-1 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-1.md)
- [N.J. Stat. § 55:14K-2 Legislative findings and declarations](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-2.md)
- [N.J. Stat. § 55:14K-3 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-3.md)
- [N.J. Stat. § 55:14K-4 New Jersey Housing and Mortgage Finance Agency.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-4.md)
- [N.J. Stat. § 55:14K-5 Powers of agency](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.md)
- [N.J. Stat. § 55:14K-5.1 New Jersey Housing and Mortgage Finance Agency to provide written notice of funding](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.1.md)
- [N.J. Stat. § 55:14K-5.2 Additional powers of New Jersey Housing and Mortgage Finance Agency](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.2.md)
- [N.J. Stat. § 55:14K-5.3 Transfer of certain reserves to State for housing needs.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.3.md)
- [N.J. Stat. § 55:14K-5.4 Eligible loans during states of emergency; conditions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.4.md)
- [N.J. Stat. § 55:14K-5.5 Occupancy status, information access; shelter operator duties.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.5.md)
- [N.J. Stat. § 55:14K-5.6 Criteria for receiving funding; compliance.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.6.md)
- [N.J. Stat. § 55:14K-6 Financing of construction, improvement or rehabilitation of housing projects; loans; application; priorities.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-6.md)
- [N.J. Stat. § 55:14K-7 Terms and conditions of loans.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-7.md)
- [N.J. Stat. § 55:14K-7.1 Shower, bathtub safety rails required in certain senior rental projects.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-7.1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.3. Check the current official text before relying on it. Not legal advice.