CHAPTER 86

An Act appropriating moneys from the "1992 Wastewater Treatment Trust Fund" to the New Jersey Wastewater Treatment Trust for use in providing financial assistance to local government units for the construction of wastewater treatment system projects.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. a. (1) There is appropriated to the New Jersey Wastewater Treatment Trust established pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.) the sum of $5,000,000 from the "1992 Wastewater Treatment Trust Fund" established pursuant to section 27 of the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," (P.L.1992, c.88).

    (2) There is appropriated to the New Jersey Wastewater Treatment Trust any net earnings received from the investment or deposit of moneys in the "1992 Wastewater Treatment Trust Fund" pursuant to the provisions of section 29 of P.L.1992, c.88.

    b. The New Jersey Wastewater Treatment Trust shall utilize the funds appropriated by subsection a. of this section to establish a reserve fund in accordance with and subject to the provisions of subsection c. of section 12 of P.L.1992, c.88 and section 11 of P.L.1985, c.334 (C.58:11B-11).

    2. The expenditure of the sums appropriated by this act is subject to the provisions and conditions of P.L.1992, c.88 and P.L.1985, c.334 (C.58:11B-1 et seq.).

    3. This act shall take effect immediately.

    Approved July 26, 1996.