reglab/housing_qa huggingface dataset:
NJ Rev Stat § 48:24-16 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:24-16 - Operating expenses; revenues.

48:24-16 Operating expenses; revenues.  16. a. A rural electric cooperative shall be operated without profit to its members, but the rates, fees, rents, or other charges for electric energy, and any other facilities, supplies, equipment, or services furnished by the cooperative shall be sufficient at all times: (1) to pay all operating and maintenance expenses necessary or desirable for the prudent conduct of its business and the principal of and interest on the obligations issued or assumed by the cooperative in the performance of the purpose for which it was organized; and (2) for the creation of reserves. b. The revenues of the cooperative shall be devoted, first, to the payment of operating and maintenance expenses and the principal and interest on outstanding obligations and, thereafter, to the reserves for improvement, new construction, depreciation, and contingencies as the board may, from time to time, prescribe. c. (1) Revenues not required for the purposes set forth in sub-section b. of this section shall be returned, from time to time, to the members on a pro rata basis, according to the amount of business done with each member during the period, either in cash, in abatement of current charges for electric energy, or otherwise, as the board determines, but the return may be made by way of general rate reduction to members if the board so elects. The allocation and retirement of any capital credits shall be made by the directors in accordance with the bylaws of the cooperative. (2) Any capital credits that remain unclaimed at the expiration of a period of three years from the date of member notification by the cooperative to the member at the member's last known address, as shown on the records of the cooperative, shall be retained by the cooperative for its general corporate purposes. L.2017, c.297, s.16.
NJ Rev Stat § 48:24-17 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:24-17 - Merger, consolidation, division.

48:24-17 Merger, consolidation, division.  17. a. Any two or more rural electric cooperatives may merge, consolidate, or divide, but only if the surviving or resulting entity is a rural electric cooperative existing under P.L.2017, c.297 (C.48:24-1 et al.) or under the laws of a neighboring state. Every merger, consolidation, or division of a cooperative shall be proposed by the adoption by the board of directors of a resolution approving the plan of merger, consolidation, or division and directing that the plan be submitted to a vote of the members entitled to vote thereon at a regular or special meeting of the members. b. A rural electric cooperative may sell, lease, lease-sell, exchange, or otherwise dispose of all or substantially all of its assets, other than in the ordinary course of business, only when authorized by the affirmative vote of two-thirds of all the members of the cooperative. (1) The plan of asset transfer presented shall set forth the terms and conditions of the sale, lease, exchange, or other disposition, or may authorize the board of directors of the cooperative to fix any terms and conditions, including the consideration to be received by the cooperative therefor. (2) Prior to the submission for consideration by the members of the cooperative, the board of directors of the cooperative shall first give all other rural electric cooperatives within the State of New Jersey and a neighboring state an opportunity to submit competing proposals. That opportunity shall be presented in the form of a written notice to those cooperatives, which notice shall be attached to a copy of the proposal which the cooperative has already received. Those cooperatives shall be given not less than 30 days during which to submit competing proposals, and the actual minimum period within which proposals are to be submitted shall be stated in the written notice given to them. (3) Within 30 days after the expiration of the notice period set by the board of directors of a cooperative under paragraph (2) of this subsection, written notice of the special meeting to consider and take action on the plan of asset transfer and expressing in detail each of the proposals shall be given to each member of the cooperative. The special meeting shall not be held sooner than 30 days after giving that notice to the members. (4) After a plan of asset transfer has been authorized by the members of a cooperative, the board of directors, in its discretion, may either pursue or abandon the sale, lease, lease-sale, exchange, or other disposition, subject to the rights of third parties under any contracts relating thereto, without further action or approval by the members. L.2017, c.297, s.17.
NJ Rev Stat § 48:24-18 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:24-18 - Dissolution.

48:24-18 Dissolution.  18. A rural electric cooperative may dissolve only when authorized by the affirmative vote of two-thirds of all the members of the cooperative. Any assets remaining after all liabilities or obligations of the cooperative have been satisfied or discharged upon dissolution shall be distributed pro rata among the members of the cooperative at the time of the filing of the certificate of dissolution in accordance with the cooperative's bylaws. L.2017, c.297, s.18.
NJ Rev Stat § 48:24-19 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:24-19 - Security of borrowed money.

48:24-19 Security of borrowed money.  19. Whenever any rural electric cooperative subject to P.L.2017, c.297 (C.48:24-1 et al.) has borrowed money from any federal agency, the obligations issued to secure the payment of the money shall be exempt from the provisions of the "Uniform Securities Law (1967)," P.L.1967, c.93 (C.49:3-47 et seq.) nor shall the provisions of P.L.1967, c.93 (C.49:3-47 et seq.) apply to the issuance of membership certificates by that cooperative. L.2017, c.297, s.19.
NJ Rev Stat § 48:25-1 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-1 - Findings, declarations relative to the use of plug-in electric vehicles.

48:25-1 Findings, declarations relative to the use of plug-in electric vehicles.  1. The Legislature finds and declares: that plug-in electric vehicle technology has improved significantly for vehicles of all types; that plug-in electric vehicles with longer ranges are now widely available at a lower cost and present a viable alternative to vehicles fueled by fossil fuels; that more plug-in electric vehicle makes and models will be introduced in the State motor vehicle market over the next several years; that vehicle electrification offers a wide range of benefits, such as improved air quality, reduced greenhouse gas emissions, and savings in motor vehicle operating costs for vehicle owners; that increased use of plug-in electric vehicles can contribute significantly to the attainment of existing State air pollution and energy goals, including the objectives of the "Global Warming Response Act," P.L.2007, c.112 (C.26:2C-37 et seq.) and the State's Energy Master Plan; and that New Jersey is already committed to implementing the California Low Emission Vehicle Program pursuant to P.L.2003, c.266 (C.26:2C-8.15 et al.), and part of this program is a commitment to increasing the use of low emission vehicles and zero emission vehicles, including plug-in electric vehicles. The Legislature therefore determines that it is in the public interest to establish goals for the increased use of plug-in electric vehicles in the State, to support the increased use of plug-in electric vehicles by providing incentives for the purchase or lease of such vehicles and for related charging equipment, and to increase consumer awareness of the availability of incentives through a Statewide public education program.  L.2019, c.362, s.1.
NJ Rev Stat § 48:25-4 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-4 - Light duty plug-in electric vehicle incentive program.

48:25-4 Light duty plug-in electric vehicle incentive program.  4. a. No later than 180 days after the effective date of P.L.2019, c.362 (C.48:25-1 et al.), the Board of Public Utilities shall establish and implement a light duty plug-in electric vehicle incentive program for the purpose of encouraging the purchase or lease of new light duty plug-in electric vehicles in the State.  b. The board shall implement the light duty plug-in electric vehicle incentive program until June 30th of the 10th year after establishment of the incentive program.  c. (1) Any incentive offered pursuant to this section shall take the form of a one-time payment to the purchaser or lessee of an eligible vehicle.  (2) For the first year an incentive is offered, the amount of the incentive shall be equal to $25 per mile of EPA-rated electric-only range up to a maximum of $5,000 per eligible vehicle. For each subsequent year an incentive is offered, the board may, after consideration of stakeholder input, change the amount of the incentive and the manner in which an incentive is calculated, provided that no incentive shall exceed $5,000 per eligible vehicle. The board shall publish the amount of any incentives on its Internet website.  (3) The board may limit the number of plug-in electric vehicle incentives that it issues to a single person.  (4) The board may establish other requirements and parameters for the incentive program as it deems necessary and reasonable to further the goals of P.L.2019, c.362 (C.48:25-1 et al.).  d. The board shall monitor the disbursement of incentives under the incentive program, and annually reassess the design and implementation of the incentive program. Provided the board's action is consistent with the provisions of subsection c. of this section, the board may:  (1) revise the incentive program, any aspect of the incentives, or the related implementation procedures or processes; and (2) develop additional incentives consistent with the goals of P.L.2019, c.362 (C.48:25-1 et al.) in order to ensure efficient and equitable electrification of transportation in the State.  e. Notwithstanding any other provision of law to the contrary, a light duty plug-in hybrid vehicle shall not qualify for an incentive under the light duty plug-in electric vehicle incentive program after December 31, 2022.  L.2019, c.362, s.4.
NJ Rev Stat § 48:25-5 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-5 - Offering of light duty plug-in electric vehicle incentive by seller, lessor.

48:25-5 Offering of light duty plug-in electric vehicle incentive by seller, lessor.  5. a. The seller or lessor of an eligible vehicle shall offer the light duty plug-in electric vehicle incentive established pursuant to section 4 of P.L.2019, c.362 (C.48:25-4) in conjunction with, and in addition to, any other incentive offered by the seller or lessor of an eligible vehicle.  b. A seller or lessor of an eligible vehicle shall provide a purchaser or lessee the option to have the amount of the light duty plug-in electric vehicle incentive deducted from the final negotiated and agreed upon sale or lease price of the eligible vehicle, in which case the full amount of the incentive shall be passed through to the purchaser or lessee in full and payment thereof shall be effective immediately at the time of the final sale or lease and transfer of the eligible vehicle to the purchaser or lessee. The board shall establish a process for reimbursing a seller or lessor of an eligible vehicle the cost of an incentive provided by the seller or lessor pursuant to this subsection.  c. The board shall require each seller or lessor of an eligible vehicle to provide to the board, upon the final sale or lease and transfer of an eligible vehicle to a purchaser or lessee, the eligible vehicle's make, model, and battery size, and any other information as the board determines relevant.  L.2019, c.362, s.5.
NJ Rev Stat § 48:25-6 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-6 - Program to provide incentives for purchase, installation of in-home electric vehicle service equipment.

48:25-6 Program to provide incentives for purchase, installation of in-home electric vehicle service equipment.  6. a. The Board of Public Utilities may establish and implement a program to provide incentives for the purchase and installation of in-home electric vehicle service equipment.  b. Any incentive program established pursuant to this section may be implemented only until June 30th of the 10th year after establishment of the program.  c. (1) Any incentive offered pursuant to this section shall take the form of a one-time payment to the person purchasing the in-home electric vehicle service equipment.  (2) The amount of the incentive offered pursuant to this section shall be determined by the board, but shall not exceed $500 per person. Any incentive a person receives pursuant to this section shall be in addition to any incentive the person receives for the purchase or lease of a new light duty plug-in electric vehicle pursuant to sections 4 and 5 of P.L.2019, c.362 (C.48:25-4 and C.48:25-5).  (3) The board may establish other requirements and parameters for the program as it deems necessary and reasonable to further the goals of P.L.2019, c.362 (C.48:25-1 et al.).  d. The board shall monitor the disbursement of incentives under the incentive program, and annually reassess the design and implementation of the incentive program. Provided the board's action is consistent with the provisions of subsection c. of this section, the board may: (1) revise the incentive program, any aspect of the incentives, or the related implementation procedures or processes; and (2) in consultation with the department, develop additional incentives for electric vehicle service equipment consistent with the goals of P.L P.L.2019, c.362 (C.48:25-1 et al.) in order to ensure efficient and equitable electrification of transportation in the State.  e. The board shall determine the form and manner of the application for, and the disbursement of, incentives pursuant to this section.  L.2019, c.362, s.6.
NJ Rev Stat § 48:25-7 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-7 - Plug-in Electric Vehicle Incentive Fund.

48:25-7 Plug-in Electric Vehicle Incentive Fund.  7. a. There is established in the Board of Public Utilities a special, nonlapsing fund to be known as the Plug-in Electric Vehicle Incentive Fund. The fund shall be administered by the board and shall be credited with: (1) moneys deposited into the fund by the board pursuant to subsection b. of this section;  (2) moneys that are appropriated by the Legislature; and (3) any return on investment of moneys deposited in the fund. b. (1) The board shall deposit into the fund, each year, $30 million of moneys received from the societal benefits charge established pursuant to section 12 of P.L.1999, c.23 (C.48:3-60), moneys made available to the board pursuant to the implementation of the Regional Greenhouse Gas Initiative and P.L.2007, c.340 (C.26:2C-45 et seq.), and moneys available from other funding sources, as determined by the board, to make disbursements under the light duty plug-in electric vehicle incentive program established pursuant to section 4 of P.L.2019, c.362 (C.48:25-4).  (2) The board may deposit into the fund, each year, such additional amounts from the societal benefits charge, as the board deems necessary, to make disbursement under an incentive program for in-home electric vehicle service equipment established pursuant to section 6 of P.L.2019, c.362 (C.48:25-6).  c. Moneys in the fund shall be used by the board solely for the purpose of disbursing the incentives established pursuant to sections 4 and 6 of P.L.2019, c.362 (C.48:25-4 and C.48:25-6). The board shall recover any administrative costs incurred in connection with P.L.2019, c.362 (C.48:25-1 et al.) separately from moneys received from the societal benefits charge.  d. The board shall provide no less than $30 million in disbursements under the light duty plug-in electric vehicle incentive program established pursuant to section 4 of P.L.2019, c.362 (C.48:25-4) each year for 10 years.  L.2019, c.362, s.7.
NJ Rev Stat § 48:25-8 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-8 - Development of website.

48:25-8 Development of website.  8. The Board of Public Utilities shall develop a website, accessible by the public, that provides up-to-date information about the availability of the incentives established pursuant to sections 4 and 6 of P.L.2019, c.362 (C.48:25-4 and C.48:25-6).  L.2019, c.362, s.8.
NJ Rev Stat § 48:25-9 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-9 - Public education program.

48:25-9 Public education program.  9. No later than 180 days after the effective date of P.L.2019, c.362 (C.48:25-1 et al.), the Department of Environmental Protection shall, after consideration of stakeholder input, develop and implement a public education program to educate consumers about the availability and benefits of plug-in electric vehicles, the State goals for plug-in electric vehicle deployment established in section 3 of P.L.2019, c.362 (C.48:25-3), and the availability of incentives established pursuant to sections 4 and 6 of P.L.2019, c.362 (C.48:25-4 and C.48:25-6).  L.2019, c.362, s.9.
NJ Rev Stat § 48:25-10 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-10 - Not deemed electric public utility.

48:25-10 Not deemed electric public utility.  10. Unless otherwise provided in Title 48 of the Revised Statutes, or any other federal or State law, an entity owning, controlling, operating, or managing electric vehicle service equipment shall not be deemed an electric public utility solely because of such ownership, control, operation, or management. The charging of a plug-in electric vehicle shall be deemed a service and not a sale of electricity by an electric power supplier or basic generation service provider pursuant to P.L.1999, c.23 (C.48:3-49 et al.).  L.2019, c.362, s.10.
NJ Rev Stat § 48:25-11 (2021)
2021 New Jersey Revised Statutes|Title 48 - Public Utilities|Section 48:25-11 - Rules, regulations.

48:25-11 Rules, regulations.  11. The board may, in consultation with the department, adopt, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), rules and regulations necessary for the implementation of P.L.2019, c.362 (C.48:25-1 et al.).  L.2019, c.362, s.11.
NJ Rev Stat § 49:2-1 (2021)
2021 New Jersey Revised Statutes|Title 49 - Sale of Securities|Section 49:2-1 - Obligations of United States; authority to act as selling and issuing agents

49:2-1. Obligations of United States; authority to act as selling and issuing agents  Notwithstanding the provisions of any other law, all individuals, partnerships, associations and corporations organized, operating or doing business under the laws of this State are hereby authorized, upon designation by and qualification with the Secretary of the Treasury of the United States or under his authority, to act as selling and issuing agents for the sale and issue of obligations of the United States, during the period of any emergency proclaimed by the President of the United States and during the period in which a state of war exists between the United States and a foreign nation. L.1942, c. 125, p. 409, s. 1.
NJ Rev Stat § 49:2-2 (2021)
2021 New Jersey Revised Statutes|Title 49 - Sale of Securities|Section 49:2-2 - Short title

49:2-2. Short title  This act shall be known and may be cited as the "Public Obligation Registration Act." L.1983, c. 243, s. 1, eff. July 1, 1983.
NJ Rev Stat § 49:2-3 (2021)
2021 New Jersey Revised Statutes|Title 49 - Sale of Securities|Section 49:2-3 - Definitions

49:2-3. Definitions  As used in this act: a. "Book entry system" means a method of recording ownership which identifies the owner of an interest in the obligation; b. "Registered form" means an obligation which is registered as to both principal and any stated interest, and (1) the transfer of the obligation may be effected by the surrender of the old instrument and either the reissuance by the issuer of the old instrument to the new holder or the issuance by the issuer of a new instrument to the new holder, or (2) the right to the principal of, and stated interest on, the obligation may be transferred through a book entry system; c. "Obligation" means a bond, debenture, note, certificate or other evidence of indebtedness issued by a public issuer; and d. "Public issuer" means the State, or any county, municipality, school district, body corporate and politic, district or public authority, agency, commission or other public institution heretofore or hereafter created by the State, any county or municipality or by one or more counties or municipalities which is authorized to issue obligations. L.1983, c. 243, s. 2, eff. July 1, 1983.
NJ Rev Stat § 49:2-4 (2021)
2021 New Jersey Revised Statutes|Title 49 - Sale of Securities|Section 49:2-4 - Form of obligation

49:2-4. Form of obligation  Obligations may be issued in registered form, and all or any portion of an issue of obligations may be issued in the form of a single bond or note to a bank, transfer agent, fiscal agent, registrar or other holder appointed by resolution or ordinance of the public issuer for the purpose of maintaining a book entry system. L.1983, c. 243, s. 3, eff. July 1, 1983.
NJ Rev Stat § 49:2-5 (2021)
2021 New Jersey Revised Statutes|Title 49 - Sale of Securities|Section 49:2-5 - Contracts regarding servicing of obligations

49:2-5. Contracts regarding servicing of obligations  Any public issuer, pursuant to ordinance or resolution, may contract with any bank, trust company or national banking association, or other institution, depository or fiduciary, or any person, firm or corporation located within or without the State, for services with respect to the issuance, transfer, exchange, payment, authentication, or other servicing of any of its obligations. The contracts may be for a specified or unlimited period of time and on any terms or conditions approved by the public issuer, shall be valid and binding whether or not an appropriation with respect thereto has been made prior to authorization or execution, and shall not be subject to the provisions of the "Local Public Contracts Law," P.L.1971, c. 198 (C. 40A:11-1 et seq.); the "Public School Contracts Law," N.J.S. 18A:18A-1 et seq.; P.L. 1954, c. 48 (C. 52:34-6 et seq.); or any other laws requiring public bidding. Annual costs and expenses under contracts shall be budgeted, met and provided for by the public issuer in the same manner as is debt service on its obligations which are the subject thereof. Initial or start-up fees and costs under contracts shall be deemed to be costs of issuance of the obligations which are the subject thereof. L.1983, c. 243, s. 4, eff. July 1, 1983.
NJ Rev Stat § 49:2-6 (2021)
2021 New Jersey Revised Statutes|Title 49 - Sale of Securities|Section 49:2-6 - Execution of obligation; signature

49:2-6. Execution of obligation; signature  Any obligation in registered form may be executed by the officer or officers of the public issuer authorized to do so with a facsimile signature in lieu of the manual signature of the authorized officer or officers, and the corporate seal of the public issuer, or a facsimile thereof, may be printed, engraved or otherwise reproduced on the obligation; provided that the obligation is authenticated by the authorized manual signature of, or on behalf of, a registrar, fiscal agent, transfer agent, trustee, paying agent or the like. L.1983, c. 243, s. 5, eff. July 1, 1983.