N.J. Stat. § 34:1B-268.4

Current through L. 2024, c. 80.
Section 34:1B-268.4 - Definitions

As used in P.L. 2021, c. 434(C.34:1B-268.3 et seq.):

"Authority" means the New Jersey Economic Development Authority, established pursuant to P.L. 1974, c.80 (C.34:1B-1 et seq.).

"Eligible organization" means a nonprofit organization that is exempt from federal taxation pursuant to section 501(c)(3) of the federal Internal Revenue Code of 1986, 26 U.S.C. s. 501 or a for-profit organization that has applied for participation in the social innovation loan pilot program established pursuant to section 3 of P.L. 2021, c. 434(C.34:1B-268.5), and is selected by the study commission as qualified to receive a loan guarantee from the "social innovation loan fund" established pursuant to section 5 of P.L. 2021, c. 434(C.34:1B-268.7).

"Pilot program" means the social innovation loan pilot program established pursuant to section 3 of P.L. 2021, c. 434(C.34:1B-268.5).

"Social innovation loan fund" or "fund" means the fund established pursuant to section 5 of P.L. 2021, c. 434(C.34:1B-268.7).

"Study commission" means the "New Jersey Social Innovation Study Commission" established pursuant to section 4 of P.L. 2021, c. 434(C.34:1B-268.6).

"Treatment and prevention services" means any early intervention health care, which shall include, but not limited to, treatment and prevention of opioid and other substance use disorders.

N.J.S. § 34:1B-268.4

Added by L. 2021, c. 434, s. 2, eff. 5/1/2022.