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: 08/31/2015
Date of reporting period: 05/31/2015
Item 1 – Schedule of Investments
| Schedule of Investments May 31, 2015 (Unaudited) |
BlackRock New Jersey Municipal Bond Trust (BLJ) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New Jersey — 136.5% |
||||||||
| Corporate — 11.2% |
||||||||
| County of Middlesex New Jersey, COPS, Refunding, Civic Square IV Redevelopment, 5.00%, 10/15/31 |
$ | 440 | $ | 527,292 | ||||
| County of Middlesex New Jersey Improvement Authority, RB, Heldrich Center Hotel, Sub-Series B, 6.25%, 1/01/37 (a)(b) |
560 | 27,440 | ||||||
| County of Salem New Jersey Pollution Control Financing Authority, Refunding RB, Atlantic City Electric, Series A, 4.88%, 6/01/29 |
750 | 819,007 | ||||||
| New Jersey EDA, RB, Continental Airlines, Inc. Project, Series B, AMT, 5.63%, 11/15/30 |
1,550 | 1,733,954 | ||||||
| New Jersey EDA, Refunding RB, New Jersey American Water Co., Inc. Project, AMT: |
||||||||
| Series A, 5.70%, 10/01/39 |
500 | 570,310 | ||||||
| Series B, 5.60%, 11/01/34 |
395 | 443,972 | ||||||
|
|
|
|||||||
| 4,121,975 | ||||||||
| County/City/Special District/School District — 19.9% |
||||||||
| Casino Reinvestment Development Authority, Refunding RB, 5.25%, 11/01/39 |
370 | 388,785 | ||||||
| City of Margate New Jersey, GO, Refunding, Improvement: |
||||||||
| 5.00%, 1/15/27 |
230 | 254,244 | ||||||
| 5.00%, 1/15/28 |
110 | 120,881 | ||||||
| County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC): |
||||||||
| 5.50%, 10/01/28 |
400 | 506,216 | ||||||
| 5.50%, 10/01/29 |
790 | 1,004,943 | ||||||
| County of Hudson New Jersey Improvement Authority, RB, Harrison Parking Facility Project, Series C (AGC), 5.38%, 1/01/44 |
800 | 884,552 | ||||||
| County of Union New Jersey Improvement Authority, LRB, Guaranteed Lease, Family Court Building Project, 5.00%, 5/01/42 |
280 | 310,515 | ||||||
| County of Union New Jersey Utilities Authority, Refunding RB, Solid Waste System, County Deficiency Agreement, Series A, 5.00%, 6/15/41 |
685 | 759,014 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New Jersey (continued) |
||||||||
| County/City/Special District/School District (concluded) |
||||||||
| Monroe Township Board of Middlesex Education, GO, Refunding, 5.00%, 3/01/38 |
$ | 265 | $ | 299,235 | ||||
| New Jersey EDA, Refunding RB, Special Assessment, Kapkowski Road Landfill Project, 6.50%, 4/01/28 |
2,250 | 2,783,453 | ||||||
|
|
|
|||||||
| 7,311,838 | ||||||||
| Education — 29.8% |
||||||||
| New Jersey EDA, RB: |
||||||||
| Leap Academy Charter School, Series A, 6.00%, 10/01/34 |
100 | 102,943 | ||||||
| The Team Academy Charter School Project, 6.00%, 10/01/33 |
455 | 517,230 | ||||||
| New Jersey EDA, Refunding RB, Greater Brunswick Charter School, Inc. Project, Series A, 5.63%, 8/01/34 (c) |
215 | 220,792 | ||||||
| New Jersey Educational Facilities Authority, RB: |
||||||||
| Higher Educational Capital Improvement Fund, Series A, 5.00%, 9/01/32 |
635 | 654,894 | ||||||
| Montclair State University, Series J, 5.25%, 7/01/38 |
180 | 197,579 | ||||||
| New Jersey Educational Facilities Authority, Refunding RB: |
||||||||
| College of New Jersey, Series D (AGM), 5.00%, 7/01/35 |
1,010 | 1,104,930 | ||||||
| Georgian Court University, Series D, 5.00%, 7/01/33 |
150 | 158,685 | ||||||
| Kean University, Series A, 5.50%, 9/01/36 |
700 | 793,429 | ||||||
| Montclaire State University, Series A, 5.00%, 7/01/44 |
1,600 | 1,782,784 | ||||||
| New Jersey Institute of Technology, Series H, 5.00%, 7/01/31 |
210 | 235,045 | ||||||
| Ramapo College, Series B, 5.00%, 7/01/42 |
85 | 91,612 | ||||||
| Seton Hall University, Series D, 5.00%, 7/01/38 |
105 | 114,426 | ||||||
| University of Medicine & Dentistry, Series B, 7.50%, 6/01/19 (d) |
450 | 557,919 | ||||||
| New Jersey Higher Education Student Assistance Authority, RB, Student Loan, Series 1A, AMT, 5.00%, 12/01/22 |
915 | 1,025,733 | ||||||
| BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST | MAY 31, 2015 | 1 |
| Schedule of Investments (continued) |
BlackRock New Jersey Municipal Bond Trust (BLJ) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New Jersey (continued) |
||||||||
| Education (concluded) |
||||||||
| New Jersey Higher Education Student Assistance Authority, Refunding RB: |
||||||||
| Series 1, AMT, 5.75%, 12/01/29 |
$ | 640 | $ | 700,909 | ||||
| Series 1A, 5.00%, 12/01/25 |
130 | 137,324 | ||||||
| Series 1A, 5.00%, 12/01/26 |
100 | 105,411 | ||||||
| Series 1A, 5.25%, 12/01/32 |
300 | 321,966 | ||||||
| Student Loan, Series 1A, 5.13%, 12/01/27 |
245 | 258,695 | ||||||
| New Jersey Institute of Technology, RB, Series A, 5.00%, 7/01/45 |
720 | 796,270 | ||||||
| Rutgers-The State University of New Jersey, Refunding RB, Series L, 5.00%, 5/01/43 |
985 | 1,099,418 | ||||||
|
|
|
|||||||
| 10,977,994 | ||||||||
| Health — 10.1% |
||||||||
| County of Camden New Jersey Improvement Authority, Refunding RB, 5.00%, 2/15/34 |
100 | 107,441 | ||||||
| New Jersey EDA, Refunding RB: |
||||||||
| Lions Gate Project, 5.25%, 1/01/44 |
135 | 140,434 | ||||||
| Seabrook Village, Inc. Facility, 5.25%, 11/15/26 |
470 | 482,149 | ||||||
| New Jersey Health Care Facilities Financing Authority, RB: |
||||||||
| Meridian Health System Obligated Group, Series I (AGC), 5.00%, 7/01/38 |
240 | 254,928 | ||||||
| Robert Wood Johnson University Hospital, Series A, 5.50%, 7/01/43 |
230 | 262,851 | ||||||
| Virtua Health, Series A (AGC), 5.50%, 7/01/38 |
400 | 443,400 | ||||||
| New Jersey Health Care Facilities Financing Authority, Refunding RB: |
||||||||
| AHS Hospital Corp., 6.00%, 7/01/41 |
610 | 724,192 | ||||||
| St. Barnabas Health Care System, Series A, 5.00%, 7/01/29 |
500 | 517,005 | ||||||
| St. Barnabas Health Care System, Series A, 5.63%, 7/01/32 |
180 | 203,863 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New Jersey (continued) |
||||||||
| Health (concluded) |
||||||||
| New Jersey Health Care Facilities Financing Authority, Refunding RB (concluded): |
||||||||
| St. Barnabas Health Care System, Series A, 5.63%, 7/01/37 |
$ | 505 | $ | 565,726 | ||||
|
|
|
|||||||
| 3,701,989 | ||||||||
| Housing — 2.8% |
||||||||
| New Jersey Housing & Mortgage Finance Agency, RB: |
||||||||
| M/F Housing, Series A, 4.75%, 11/01/29 |
370 | 388,323 | ||||||
| S/F Housing, Series AA, 6.38%, 10/01/28 |
285 | 295,921 | ||||||
| S/F Housing, Series AA, 6.50%, 10/01/38 |
60 | 62,254 | ||||||
| S/F Housing, Series CC, 5.00%, 10/01/34 |
285 | 296,682 | ||||||
|
|
|
|||||||
| 1,043,180 | ||||||||
| State — 29.2% |
||||||||
| Garden State Preservation Trust, RB, CAB, Series B (AGM), 0.00%, 11/01/27 (e) |
4,000 | 2,721,800 | ||||||
| New Jersey EDA, RB: |
||||||||
| 5.00%, 9/01/36 |
50 | 50,105 | ||||||
| Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 7/01/25 |
500 | 587,780 | ||||||
| School Facilities Construction (AGC), 5.50%, 12/15/18 (d) |
645 | 739,499 | ||||||
| School Facilities Construction (AGC), 5.50%, 12/15/34 |
355 | 399,978 | ||||||
| School Facilities Construction, Series CC-2, 5.00%, 12/15/31 |
500 | 509,125 | ||||||
| New Jersey EDA, Refunding RB: |
||||||||
| Cigarette Tax, 5.00%, 6/15/28 |
255 | 277,170 | ||||||
| Cigarette Tax, 5.00%, 6/15/29 |
500 | 540,620 | ||||||
| Cigarette Tax (AGM), 5.00%, 6/15/22 |
750 | 862,012 | ||||||
| School Facilities Construction, Series AA, 5.50%, 12/15/29 |
500 | 524,125 | ||||||
| School Facilities Construction, Series GG, 5.25%, 9/01/27 |
1,345 | 1,405,713 | ||||||
| School Facilities Construction, Series NN, 5.00%, 3/01/29 |
875 | 905,634 | ||||||
| 2 | BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST | MAY 31, 2015 |
| Schedule of Investments (continued) |
BlackRock New Jersey Municipal Bond Trust (BLJ) (Percentages shown are based on Net Assets) |
| Municipal Bonds | Par (000) |
Value | ||||||
| New Jersey (continued) |
||||||||
| State (concluded) |
||||||||
| New Jersey Health Care Facilities Financing Authority, RB, Hospital Asset Transformation Program, Series A, 5.25%, 10/01/38 |
$ | 500 | $ | 535,470 | ||||
| State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 6/15/28 |
200 | 222,094 | ||||||
| State of New Jersey, GO, 5.00%, 6/01/28 |
395 | 448,191 | ||||||
|
|
|
|||||||
| 10,729,316 | ||||||||
| Transportation — 32.6% |
||||||||
| Delaware River Port Authority, RB, Series D, 5.00%, 1/01/40 |
250 | 273,582 | ||||||
| New Jersey EDA, RB, The Goethals Bridge Replacement Project, AMT, 5.38%, 1/01/43 |
1,060 | 1,153,768 | ||||||
| New Jersey State Turnpike Authority, RB: |
||||||||
| Series A, 5.00%, 1/01/38 |
1,175 | 1,287,083 | ||||||
| Series A, 5.00%, 1/01/43 |
500 | 545,400 | ||||||
| Series E, 5.25%, 1/01/40 |
370 | 407,921 | ||||||
| New Jersey Transportation Trust Fund Authority, RB: |
||||||||
| CAB, Transportation System, Series C (AGM), 0.00%, 12/15/32 (e) |
1,250 | 545,737 | ||||||
| Transportation Program, Series AA, 5.25%, 6/15/33 |
955 | 995,024 | ||||||
| Transportation System, 6.00%, 12/15/38 |
325 | 362,648 | ||||||
| Transportation System, Series A, 6.00%, 6/15/35 |
1,275 | 1,507,407 | ||||||
| Transportation System, Series A, 5.88%, 12/15/38 |
555 | 616,955 | ||||||
| Transportation System, Series A, 5.50%, 6/15/41 |
830 | 866,786 | ||||||
| Transportation System, Series A (AGC), 5.63%, 12/15/28 |
200 | 228,714 | ||||||
| Transportation System, Series AA, 5.50%, 6/15/39 |
425 | 449,004 | ||||||
| Port Authority of New York & New Jersey, ARB, Special Project , JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42 |
450 | 527,004 | ||||||
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated: |
||||||||
| 152nd Series, AMT, 5.75%, 11/01/30 |
525 | 585,685 | ||||||
| Municipal Bonds | Par (000) |
Value | ||||||
| New Jersey (concluded) |
||||||||
| Transportation (concluded) |
||||||||
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated (concluded): |
||||||||
| 166th Series, 5.25%, 7/15/36 |
$ | 500 | $ | 561,145 | ||||
| 172nd Series, AMT, 5.00%, 10/01/34 |
1,000 | 1,094,940 | ||||||
|
|
|
|||||||
| 12,008,803 | ||||||||
| Utilities — 0.9% |
||||||||
| Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC), 0.00%, 9/01/33 (e) |
650 | 319,989 | ||||||
| Total Municipal Bonds — 136.5% | 50,215,084 | |||||||
| Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
||||||||
| New Jersey — 22.2% |
||||||||
| County/City/Special District/School District — 5.3% |
||||||||
| 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 | 1,928,594 | ||||||
| Education — 3.0% |
||||||||
| Rutgers-The State University of New Jersey, RB, Series F, 5.00%, 5/01/39 |
990 | 1,102,791 | ||||||
| State — 3.1% |
||||||||
| New Jersey EDA, RB, School Facilities Construction (AGC): |
||||||||
| 6.00%, 12/15/18 (d) |
329 | 388,507 | ||||||
| 6.00%, 12/15/34 |
671 | 763,853 | ||||||
|
|
|
|||||||
| 1,152,360 | ||||||||
| Transportation — 10.8% |
||||||||
| New Jersey Transportation Trust Fund Authority, RB, Transportation System: |
||||||||
| Series A (AMBAC), 5.00%, 12/15/32 |
600 | 650,586 | ||||||
| Series B, 5.25%, 6/15/36 (g) |
1,000 | 1,024,631 | ||||||
| Port Authority of New York & New Jersey, RB, Consolidated, 169th Series, AMT, 5.00%, 10/15/41 |
1,500 | 1,619,550 | ||||||
| BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST | MAY 31, 2015 | 3 |
| Schedule of Investments (continued) |
BlackRock New Jersey Municipal Bond Trust (BLJ) (Percentages shown are based on Net Assets) |
| Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
Par (000) |
Value | ||||||
| New Jersey (concluded) |
||||||||
| Transportation (concluded) |
||||||||
| Port Authority of New York & New Jersey, Refunding RB, Consolidated, 152nd Series, AMT, 5.25%, 11/01/35 |
$ | 630 | $ | 686,594 | ||||
|
|
|
|||||||
| 3,981,361 | ||||||||
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 22.2% |
8,165,106 | |||||||
| Total Long-Term Investments (Cost — $54,345,371) — 158.7% |
58,380,190 | |||||||
| Short-Term Securities | Shares | Value | ||||||
| BIF New Jersey Municipal Money Fund, 0.01% (h)(i) |
1,422,101 | $ | 1,422,101 | |||||
| Total Short-Term Securities (Cost — $1,422,101) — 3.9% |
1,422,101 | |||||||
| Total Investments (Cost — $55,767,472*) — 162.6% | 59,802,291 | |||||||
| Other Assets Less Liabilities — 0.5% | 196,531 | |||||||
| Liability for TOB Trust Certificates, Including Interest |
|
(4,521,480 | ) | |||||
| VRDP Shares, at Liquidation Value — (50.8)% | (18,700,000 | ) | ||||||
|
|
|
|||||||
| Net Assets Applicable to Common Shares — 100.0% |
$ | 36,777,342 | ||||||
|
|
|
|||||||
| * As of May 31, 2015, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:
|
| |||||||
| Tax cost |
$ | 51,292,022 | ||||||
|
|
|
|||||||
| Gross unrealized appreciation |
$ | 4,744,421 | ||||||
| Gross unrealized depreciation |
(753,670 | ) | ||||||
|
|
|
|||||||
| Net unrealized appreciation |
$ | 3,990,751 | ||||||
|
|
|
|||||||
| Notes to Schedule of Investments |
| (a) | Non-income producing security. |
| (b) | Issuer filed for bankruptcy and/or is in default of principal and/or interest payments. |
| (c) | 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. |
| (d) | 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. |
| (e) | Zero-coupon bond. |
| (f) | Represent bonds transferred to a TOB Trust in exchange of cash and residual interest certificates received by the Trust. These bonds serve as collateral in a secured borrowing. |
| (g) | All or a portion of security is subject to a recourse agreement, which may require the Trust to pay the liquidity provider in the event there is a shortfall between the TOB Trust Certificates and proceeds received from the sale of the security contributed to the TOB Trust or in the event of a default on the security. In the case of a shortfall or default, the aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expires on June 15, 2019 is $776,985. |
| (h) | During the period ended May 31, 2015, 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: |
| Affiliate |
Shares Held 2014 |
Net Activity |
Shares Held at May 31, 2015 |
Income | ||||||||||||
| BIF New Jersey Municipal Money Fund |
59,409 | 1,362,692 | 1,422,101 | $ | 19 | |||||||||||
| (i) | Represents the current yield as of report date. |
| 4 | BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST | MAY 31, 2015 |
| Schedule of Investments (continued) |
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 | |
| 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 |
| • | As of May 31, 2015, financial futures contracts outstanding were as follows: |
| Contracts Short |
Issue | Exchange | Expiration | Notional Value |
Unrealized Depreciation |
|||||||||||
| (34 | ) | 10-Year U.S. Treasury Note | Chicago Board of Trade | September 2015 | $ | 4,341,375 | $ | (13,862 | ) | |||||||
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 advisor. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
| • | Fair Value Measurements — Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. 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. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. The three levels of the fair value hierarchy are as follows: |
| • | Level 1 — unadjusted quoted prices 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) |
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. 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.
| BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST | MAY 31, 2015 | 5 |
| Schedule of Investments (concluded) |
BlackRock New Jersey Municipal Bond Trust (BLJ) |
As of May 31, 2015, 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 Investments1 |
— | $ | 58,380,190 | — | $ | 58,380,190 | ||||||||
| Short-Term Securities |
$ | 1,422,101 | — | — | 1,422,101 | |||||||||
|
|
|
|||||||||||||
| Total |
$ | 1,422,101 | $ | 58,380,190 | — | $ | 59,802,291 | |||||||
|
|
|
|||||||||||||
| 1 See above Schedule of Investments for values in each sector. |
||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||
| Derivative Financial Instruments 2 | ||||||||||||||
| Liabilities: |
||||||||||||||
| Interest rate contracts |
$ | (13,862 | ) | — | — | $ | (13,862 | ) | ||||||
| 2 Derivative financial instruments are financial 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 May 31, 2015, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
| |||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||
| Assets: |
||||||||||||||
| Cash pledged for financial futures contracts |
$ | 45,900 | — | — | $ | 45,900 | ||||||||
| Liabilities: |
||||||||||||||
| TOB trust certificates |
— | $ | (4,519,518 | ) | — | (4,519,518 | ) | |||||||
| VRDP Shares |
— | (18,700,000 | ) | — | (18,700,000 | ) | ||||||||
|
|
|
|||||||||||||
| Total |
$ | 45,900 | $ | (23,219,518 | ) | — | $ | (23,173,618 | ) | |||||
|
|
|
|||||||||||||
| During the period ended May 31, 2015, there were no transfers between levels. |
||||||||||||||
| 6 | BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST | MAY 31, 2015 |
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: July 23, 2015 | ||||
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 |
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| John M. Perlowski | ||||
| Chief Executive Officer (principal executive officer) of | ||||
| BlackRock New Jersey Municipal Bond Trust | ||||
| Date: July 23, 2015 | ||||
| By: | /s/ Neal J. Andrews |
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| Neal J. Andrews | ||||
| Chief Financial Officer (principal financial officer) of | ||||
| BlackRock New Jersey Municipal Bond Trust | ||||
| Date: July 23, 2015 | ||||