Blackrock New Jersey Municipal Bond Trust SEC Form N-Q Filed January 22, 2018 Last Updated February 3, 2020 at 10:47 AM EST
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Submission Parts

Sequence Document Type File Name Description
1 SEC Form BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST
2 SEC Form CERTIFICATION PURSUANT TO SECTION 302

BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST

BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21050

Name of Fund: BlackRock New Jersey Municipal Bond Trust (BLJ)

Fund Address:  100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New Jersey

Municipal Bond Trust, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2018

Date of reporting period: 11/30/2017

 


Item 1 – Schedule of Investments

 


Schedule of Investments  (unaudited)

November 30, 2017

  

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Municipal Bonds — 135.5%

   
New Jersey — 134.4%  
Corporate — 12.5%  

County of Middlesex New Jersey Improvement Authority, RB, Heldrich Center Hotel, Sub-Series B, 6.25%, 01/01/37(a)(b)

  $ 560     $ 5,880  

County of Salem New Jersey Pollution Control Financing Authority, Refunding RB, Atlantic City Electric, Series A, 4.88%, 06/01/29

    750       793,875  

New Jersey EDA, RB:

   

Continental Airlines, Inc. Project, Series B, AMT, 5.63%, 11/15/30

    1,550       1,759,002  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25(c)

    55       67,506  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 07/01/25

    445       513,036  

New Jersey EDA, Refunding RB:

   

Duke Farms Foundation Project,
4.00%, 07/01/46

    185       197,626  

New Jersey American Water Co., Inc. Project, Series A, AMT, 5.70%, 10/01/39

    500       533,440  

New Jersey American Water Co., Inc. Project, Series B, AMT, 5.60%, 11/01/34

    395       425,071  

Teaneck Community Charter School Project, Series A, 5.00%, 09/01/37(d)

    125       125,278  

Teaneck Community Charter School Project, Series A, 5.13%, 09/01/52(d)

    150       147,714  
   

 

 

 
      4,568,428  
County/City/Special District/School District — 21.2%  

City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement, (BAM):

   

5.00%, 07/01/33

    150       170,344  

5.00%, 07/01/35

    235       265,369  

City of Margate New Jersey, GO, Refunding, Improvement(e):

   

5.00%, 01/15/21

    230       253,290  

5.00%, 01/15/21

    110       121,139  

County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 07/01/45(d)

    610       613,178  

County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC):

   

5.50%, 10/01/28

    400       510,120  

5.50%, 10/01/29

    790       1,014,471  
Security   Par
(000)
    Value  
New Jersey (continued)  
County/City/Special District/School District (continued)  

County of Hudson New Jersey Improvement Authority, RB, Harrison Parking Facility Project, Series C (AGC), 5.38%, 01/01/44

  $ 800     $ 829,864  

County of Mercer New Jersey Improvement Authority, RB, Courthouse Annex Project,
5.00%, 09/01/40

    235       265,684  

County of Middlesex New Jersey, COP, Refunding, Civic Square IV Redevelopment, 5.00%, 10/15/31

    440       534,367  

County of Union New Jersey Improvement Authority, LRB, Guaranteed Lease, Family Court Building Project, 5.00%, 05/01/42

    180       198,828  

Monroe Township Board of Education Middlesex County, GO, Refunding, 5.00%, 03/01/38

    265       299,439  

New Jersey EDA, Refunding RB, Special Assessment, Kapkowski Road Landfill Project, 6.50%, 04/01/28

    2,250       2,653,897  
   

 

 

 
      7,729,990  
Education — 25.6%  

County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM), 4.00%, 07/01/46

    200       207,950  

New Jersey EDA, RB:

   

Hatikvah International Academy Charter School Project, Series A, 5.25%, 07/01/37(d)

    130       128,119  

Hatikvah International Academy Charter School Project, Series A, 5.38%, 07/01/47(d)

    125       122,366  

School Facilities Construction (AGC),
5.50%, 12/15/18(e)

    350       364,889  

School Facilities Construction (AGC),
5.50%, 12/15/34

    5       5,192  

Team Academy Charter School Project,
6.00%, 10/01/33

    455       513,936  

New Jersey EDA, Refunding RB, Greater Brunswick Charter School, Inc. Project, Series A,
5.63%, 08/01/34(d)

    215       220,801  

New Jersey Educational Facilities Authority, RB:

   

Higher Educational Capital Improvement Fund, Series A, 5.00%, 09/01/32

    500       536,900  
 

 

 

SCHEDULES OF INVESTMENTS      1  


Schedule of Investments  (unaudited) (continued)

November 30, 2017

  

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
New Jersey (continued)  
Education (continued)  

New Jersey Educational Facilities Authority, RB (continued):

   

Rider University Issue, Series F,
4.00%, 07/01/42

  $ 185     $ 182,147  

Rider University Issue, Series F,
5.00%, 07/01/47

    135       147,558  

New Jersey Educational Facilities Authority, Refunding RB:

   

College of New Jersey, Series D (AGM), 5.00%, 07/01/18(e)

    690       704,731  

Georgian Court University, Series D,
5.00%, 07/01/33

    150       150,207  

Kean University, Series A, 5.50%, 09/01/36

    700       744,317  

Montclair State University, Series A,
5.00%, 07/01/44

    1,600       1,812,064  

New Jersey Institute of Technology, Series H, 5.00%, 07/01/31

    210       225,513  

Ramapo College, Series B, 5.00%, 07/01/42

    85       93,513  

Seton Hall University, Series D,
5.00%, 07/01/38

    105       117,650  

Stevens Institute of Technology, Series A, 5.00%, 07/01/42

    100       113,681  

New Jersey Higher Education Student Assistance Authority, RB, Student Loan, Series 1A, AMT, 5.00%, 12/01/22

    915       1,017,636  

New Jersey Higher Education Student Assistance Authority, Refunding RB:

   

Series 1, AMT, 5.75%, 12/01/29

    400       433,876  

Series 1A, 5.00%, 12/01/25

    95       100,443  

Series 1A, 5.00%, 12/01/26

    70       73,951  

Series 1A, 5.25%, 12/01/32

    300       316,170  

Student Loan, Series 1A, 5.13%, 12/01/27

    170       179,998  

New Jersey Institute of Technology, RB, Series A:

   

5.00%, 07/01/40

    500       570,570  

5.00%, 07/01/45

    220       250,250  
   

 

 

 
      9,334,428  
Health — 9.1%  

New Jersey Health Care Facilities Financing Authority, RB:

   

Hospital Asset Transformation Program, Series A, 5.25%, 10/01/38

    390       399,563  
Security   Par
(000)
    Value  
New Jersey (continued)  
Health (continued)  

New Jersey Health Care Facilities Financing Authority, RB (continued):

   

Meridian Health System Obligated Group, Series I (AGC), 5.00%, 07/01/18(e)

  $ 235     $ 240,017  

Robert Wood Johnson University Hospital, Series A, 5.50%, 07/01/43

    230       263,964  

Virtua Health, Series A (AGC), 5.50%, 07/01/38

    400       425,208  

New Jersey Health Care Facilities Financing Authority, Refunding RB:

   

AHS Hospital Corp., 6.00%, 07/01/21(e)

    610       701,744  

Princeton Healthcare System, 5.00%, 07/01/39

    250       278,152  

RWJ Barnabas Health Obligated Group, Series A, 4.00%, 07/01/43

    235       244,529  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(e)

    180       204,403  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(e)

    505       573,463  
   

 

 

 
     3,331,043  
Housing — 2.0%  

New Jersey Housing & Mortgage Finance Agency, RB:

   

M/F Housing, Series A, 4.75%, 11/01/29

    370       381,936  

S/F Housing, Series CC, 5.00%, 10/01/34

    225       232,355  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, Series D, AMT, 4.25%, 11/01/37

    120       121,906  
   

 

 

 
    736,197  
State — 21.0%  

Casino Reinvestment Development Authority, Refunding RB, 5.25%, 11/01/44

    870       923,183  

Garden State Preservation Trust, RB, CAB, Series B (AGM), 0.00%, 11/01/27(f)

    4,000       2,963,520  

New Jersey EDA, Refunding RB:

   

Cigarette Tax, 5.00%, 06/15/28

    255       273,768  

Cigarette Tax, 5.00%, 06/15/29

    500       535,060  

Cigarette Tax (AGM), 5.00%, 06/15/22

    750       823,762  
 

 

 

2    2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS


Schedule of Investments  (unaudited) (continued)

November 30, 2017

  

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  
New Jersey (continued)  
State (continued)  

New Jersey EDA, Refunding RB (continued):

   

School Facilities Construction, Series AA,
5.50%, 06/15/19(e)

  $ 335     $ 354,517  

School Facilities Construction, Series AA,
5.50%, 12/15/29

    165       172,260  

School Facilities Construction, Series GG,
5.25%, 09/01/27

    1,295       1,382,659  

State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 06/15/19(e)

    200       210,900  
   

 

 

 
    7,639,629  
Tobacco — 1.7%  

Tobacco Settlement Financing Corp., Refunding RB, Series 1A, 5.00%, 06/01/41

    650       625,658  
   

 

 

 
Transportation — 40.2%  

Delaware River Port Authority, RB, Series D,
5.00%, 01/01/40

    250       264,903  

New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond,
5.38%, 01/01/43

    1,360       1,513,367  

New Jersey State Turnpike Authority, RB:

   

Series A, 5.00%, 01/01/35

    125       145,810  

Series A, 5.00%, 01/01/38

    1,175       1,313,086  

Series A, 5.00%, 01/01/43

    500       556,915  

Series E, 5.25%, 01/01/19(e)

    370       384,615  

Series E, 5.00%, 01/01/45

    720       813,125  

New Jersey Transportation Trust Fund Authority, RB:

   

CAB, Transportation System, Series C (AGM), 0.00%, 12/15/32(f)

    1,250       693,325  

Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/30

    125       138,626  

Federal Highway Reimbursement Revenue Notes, Series A-2, 5.00%, 06/15/30

    805       819,530  

Transportation Program, Series AA,
5.00%, 06/15/38

    705       759,426  

Transportation Program, Series AA,
5.25%, 06/15/41

    480       523,565  

Transportation System, 6.00%, 12/15/38

    325       339,011  
Security   Par
(000)
    Value  
New Jersey (continued)  
Transportation (continued)  

New Jersey Transportation Trust Fund Authority, RB (continued):

   

Transportation System, Series A,
6.00%, 06/15/35

  $ 1,275     $ 1,426,725  

Transportation System, Series A,
5.88%, 12/15/38

    555       578,044  

Transportation System, Series A,
5.50%, 06/15/41

    830       890,374  

Transportation System, Series A (AGC), 5.63%, 12/15/28

    200       208,762  

Transportation System, Series AA,
5.50%, 06/15/39

    425       464,270  

Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42

    450       499,387  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated:

   

166th Series, 5.25%, 07/15/36

    500       550,720  

172nd Series, AMT, 5.00%, 10/01/34

    1,000       1,098,400  

206th Series, AMT, 5.00%, 11/15/42

    170       196,362  

206th Series, AMT, 5.00%, 11/15/47

    190       218,587  

South Jersey Port Corp., RB, Marine Terminal, Series B, AMT, 5.00%, 01/01/48(g)

    240       257,261  
   

 

 

 
    14,654,196  
Utilities — 1.1%  

Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC), 0.00%, 09/01/33(f)

    650       384,696  
   

 

 

 
Puerto Rico — 1.1%  

Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds:

   

5.50%, 05/15/39

    210       203,568  

5.63%, 05/15/43

    200       192,712  
   

 

 

 
    396,280  
   

 

 

 

Total Municipal Bonds — 135.5%
(Cost — $46,381,196)

 

    49,400,545  
   

 

 

 
 

 

 

SCHEDULES OF INVESTMENTS      3  


Schedule of Investments  (unaudited) (continued)

November 30, 2017

  

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)
    Value  

Municipal Bonds Transferred to Tender Option Bond Trusts — 31.0%(h)

 

New Jersey — 31.0%  
County/City/Special District/School District — 8.6%  

County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project, 5.25%, 05/01/51

  $ 340     $ 392,645  

County of Union New Jersey Utilities Authority, Refunding LRB, Resource Recovery Facility, Covanta Union, Inc., Series A, AMT,
5.25%, 12/01/31

    1,780       1,979,751  

County of Union New Jersey Utilities Authority, Refunding RB, County Deficiency Agreement, Series A, AMT, 5.00%, 06/15/41

    690       753,180  
   

 

 

 
      3,125,576  
Education — 5.9%  

Rutgers — The State University of New Jersey, Refunding RB:

   

Series F, 5.00%, 05/01/19(e)

    991       1,037,569  

Series L, 5.00%, 05/01/43

    990       1,124,853  
   

 

 

 
        2,162,422  
Health — 2.8%  

New Jersey Health Care Facilities Financing Authority, RB, Inspira Health Obligated Group, 4.00%, 07/01/47

    999       1,026,196  
   

 

 

 
State — 2.9%  

New Jersey EDA, RB, School Facilities Construction (AGC):(e)

   

6.00%, 12/15/18

    986       1,033,096  

6.00%, 12/15/18

    14       14,619  
   

 

 

 
      1,047,715  
Transportation — 10.8%  

New Jersey Transportation Trust Fund Authority, RB, Transportation System:

   

Series A (AMBAC), 5.00%, 12/15/32

    600       601,344  

Series B, 5.25%, 06/15/36(i)

    1,000       1,067,035  
Security   Par/Shares
(000)
    Value  
New Jersey (continued)  
Transportation (continued)  

Port Authority of New York & New Jersey, RB, Consolidated, 169th Series, AMT, 5.00%, 10/15/41

  $ 1,501     $ 1,635,946  

Port Authority of New York & New Jersey, Refunding RB, Consolidated, 152nd Series, AMT, 5.25%, 11/01/35

    630       638,647  
   

 

 

 
    3,942,972  
   

 

 

 

Total Municipal Bonds Transferred to Tender
Option Bond Trusts — 31.0%
(Cost — $10,640,332)

 

    11,304,881  
   

 

 

 

Total Long-Term Investments — 166.5%
(Cost — $57,021,528)

 

    60,705,426  
   

 

 

 

Short-Term Securities — 0.2%

   

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.78%(j)(k)

    66,459       66,479  
   

 

 

 

Total Short-Term Securities — 0.2%
(Cost — $66,479)

 

    66,479  
   

 

 

 

Total Investments — 166.7%
(Cost — $57,088,007)

 

    60,771,905  

Other Assets Less Liabilities — 1.2%

 

    444,734  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (16.8)%

 

    (6,126,316

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (51.1)%

 

    (18,627,241
   

 

 

 

Net Assets Applicable to Common Shares — 100.0%

 

  $   36,463,082  
   

 

 

 
 

 

 

4    2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS


Schedule of Investments  (unaudited) (continued)

November 30, 2017

  

BlackRock New Jersey Municipal Bond Trust (BLJ)

 

(a) Non-income producing security.
(b)  Issuer filed for bankruptcy and/or is in default.
(c)  Security is collateralized by municipal bonds or U.S. Treasury obligations.
(d)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(e)  U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.
(f)  Zero-coupon bond.
(g)  When-issued security.
(h)  Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing.
(i)  All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement, which expires on June 15, 2019, is $776,985.
(j)  Annualized 7-day yield as of period end.
(k)  During the period ended November 30, 2017, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated    Shares
Held at
08/31/17
     Net
Activity
     Shares
Held at
11/30/17
     Value at
11/30/17
     Income      Net
Realized
Gain (Loss) 
(a)
     Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds,
MuniCash, Institutional Class

            66,459        66,459      $ 66,479      $ 75      $      $  
           

 

 

    

 

 

    

 

 

    

 

 

 

 

  (a) Includes net capital gain distributions, if applicable.  

For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description    Number of
Contracts
       Expiration
Date
       Notional
Amount (000)
       Value/
Unrealized
Appreciation
(Depreciation)
 

Short Contracts

                 

10-Year U.S. Treasury Note

     6          03/20/18        $ 744        $ 5,362  

Long U.S. Treasury Bond

     5          03/20/18          759          7,955  

5-Year U.S. Treasury Note

     7          03/29/18          814          3,093  
                 

 

 

 

Total

                  $ 16,410  
                 

 

 

 

 

 

SCHEDULES OF INVESTMENTS      5  


Schedule of Investments  (unaudited) (continued)

November 30, 2017

   BlackRock New Jersey Municipal Bond Trust (BLJ)

 

Portfolio Abbreviations
AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
EDA    Economic Development Authority
GO    General Obligation Bonds
LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
RB    Revenue Bonds
S/F    Single-Family

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

    Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access.

 

    Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

    Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual report.

 

 

6    2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS


Schedule of Investments  (unaudited) (continued)

November 30, 2017

  

BlackRock New Jersey Municipal Bond Trust (BLJ)

 

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

                 

Investments:

                 

Long-Term Investments(a)

   $        $ 60,705,426        $        $ 60,705,426  

Short-Term Securities

     66,479                            66,479  
  

 

 

      

 

 

      

 

 

      

 

 

 

Total

   $ 66,479        $ 60,705,426        $        $ 60,771,905  
  

 

 

      

 

 

      

 

 

      

 

 

 

Derivative Financial Instruments(b)

                 

Assets:

                 

Interest rate contracts

   $ 16,410        $        $        $ 16,410  
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a)  See above schedule of Investments for values in each state or political subdivision.  
  (b)  Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on the instrument.  

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

                 

TOB Trust Certificates

   $        $ (6,115,531      $        $ (6,115,531

VRDP Shares at Liquidation Value

              (18,700,000                 (18,700,000
  

 

 

      

 

 

      

 

 

      

 

 

 

Total

   $        $ (24,815,531      $        $ (24,815,531
  

 

 

      

 

 

      

 

 

      

 

 

 

During the period ended November 30, 2017, there were no transfers between levels.

 

 

SCHEDULES OF INVESTMENTS      7  


Item 2 – Controls and Procedures

 

2(a) – The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

 

2(b) – There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

 

   Certifications – Attached hereto

 


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BlackRock New Jersey Municipal Bond Trust
By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock New Jersey Municipal Bond Trust
Date:   January 22, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock New Jersey Municipal Bond Trust
Date:   January 22, 2018
By:   /s/ Neal J. Andrews                        
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock New Jersey Municipal Bond Trust
Date:   January 22, 2018

 

CERTIFICATION PURSUANT TO SECTION 302

Certification Pursuant to Section 302

EX-99. CERT

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

 

I, John M. Perlowski, Chief Executive Officer (principal executive officer) of BlackRock New Jersey Municipal Bond Trust, certify that:

1. I have reviewed this report on Form N-Q of BlackRock New Jersey Municipal Bond Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: January 22, 2018            
/s/ John M. Perlowski                    
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock New Jersey Municipal Bond Trust

 


EX-99. CERT

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

 

I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock New Jersey Municipal Bond Trust, certify that:

1. I have reviewed this report on Form N-Q of BlackRock New Jersey Municipal Bond Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: January 22, 2018

/s/ Neal J. Andrews                    

Neal J. Andrews

Chief Financial Officer (principal financial officer) of BlackRock New Jersey Municipal Bond Trust
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