{"data":{"id":"us-nj/n.j.-stat.-55-19-97","jurisdiction":"us-nj","citation":"N.J. Stat. § 55:19-97","heading":"Distribution of proceeds","body":"20.  The proceeds paid pursuant to subsection c. of section 19 of P.L.2003, c.210 (C.55:19-96) shall be distributed in the following order of priority:\na.\tThe costs and expenses of sale;\nb.\tOther governmental liens;\nc.\tRepayment of principal and interest on any borrowing or indebtedness incurred by the municipality and granted priority lien status pursuant to subsection a. of section 21 of P.L.2003, c.210 (C.55:19-98);\nd.\tA reasonable development fee to the municipality consistent with the standards for development fees established for rehabilitation programs by the New Jersey Department of Community Affairs or the New Jersey Housing and Mortgage Finance Agency;\ne.\tOther valid liens and security interests, in accordance with their priority; and\nf.\tThe owner.\nL.2003,c.210,s.20.","path":["TITLE 55 TENEMENT HOUSES AND PUBLIC HOUSING"],"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":"065d430c0fe51498054e5413574f33061cf6a604d606d900eb37a03a33ea2b7c","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-55-19-96","next":"us-nj/n.j.-stat.-55-19-98"},"notice":"GroundRules: Original legal text. Not legal advice."}