BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
New York, New York 10286
May 1, 2020
BNY Mellon New Jersey Municipal Bond Fund, Inc.
000
Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation
To Whom It May Concern:
BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund"), as follows:
Until May 1, 2021, BNYM Investment Adviser will waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of none of its classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .60% of the value of the Fund's average daily net assets. On or after May 1, 2021, BNYM Investment Adviser may terminate this expense limitation agreement at any time.
This Agreement may only be amended by agreement of the Fund, upon the approval of the Board of Directors of the Fund and BNYM Investment Adviser to lower the net amounts shown and may only be terminated prior to May 1, 2021, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Fund.
BNY MELLON INVESTMENT ADVISER, INC.
By:
/s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Secretary
Accepted and Agreed To:
BNY MELLON NEW JERSEY MUNICPAL BOND FUND, INC.
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Treasurer