{"data":{"id":"us-nj/n.j.-stat.-40-23-12.1","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:23-12.1","heading":"Definitions","body":"As used in this act:\n\"Farmland\" means land that qualifies for valuation, assessment, and taxation pursuant to the \"Farmland Assessment Act of 1964,\" P.L. 1964, c. 48 (C. 54:4-23.1 et seq.).\n\"Low-interest loan\" means a loan issued at an annual interest rate not in excess of 1% above the rate paid by the county on the obligations issued to fund the loan program authorized pursuant to section 2 of this act.\nL. 1987, c. 34, s. 1.","path":["TITLE 40 MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"f696c3512b767ccd3cb980b72ec9987c383245ad6d1e949060e93d9b2c266255","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-23-11","next":"us-nj/n.j.-stat.-40-23-12.2"},"notice":"GroundRules: Original legal text. Not legal advice."}