Title 52, Title 52: STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

52:27D-489i1 Provisions applied to mixed-used parking project. 3. Notwithstanding any provision of the "New Jersey Economic Stimulus Act of 2009," P.L.2009, c.90 (C.52:27D-489a et al.) to the contrary, the following provisions shall apply to a mixed-use parking project that is re…

52:27D-489j Assistance to developer to enhance credit. 10. The New Jersey Economic Development Authority, or any other State agency, may provide assistance to a developer in order to enhance its credit for the purpose of securing private project financing on more favorable terms.…

52:27D-489k Agreement between developer and municipality. 11. a. The governing body of a municipality is authorized to enter into a redevelopment incentive grant agreement with a developer, which shall not be effective until adopted by ordinance, for any redevelopment project loc…

52:27D-489k1 Short title. 1. Sections 1 through 11 of this act shall be known and may be cited as the "Economic Redevelopment and Growth Grant Bond Financing Act." L.2018, c.97, s.1.

52:27D-489k10 Powers of municipality relative to local improvements. 10. Any municipality may undertake, as a local improvement; the investigation, analysis, planning, monitoring, acquisition, removal, containment, remediation, construction, or improvement of any real property or…

52:27D-489k11 Municipality may undertake local improvements on behalf of a redeveloper. 11. Whenever a municipality issues bonds in accordance with sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.), or a municipality applies to an authority to issue bonds pursuant …

52:27D-489k2 Definitions. 2. As used in sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.): "Authority" means the New Jersey Economic Development Authority established pursuant to P.L.1974, c.80 (C.34:1B-1 et seq.), the New Jersey Redevelopment Authority established…

52:27D-489k3 Issuance of bonds by municipality. 3. a. In connection with any economic redevelopment and growth grant project, the municipality in which the project is located may issue bonds itself in the manner provided for herein or pursuant to the "Local Redevelopment and Hous…

52:27D-489k4 Payments continuous lien. 4. a. If authorized by ordinance of a municipality adopted pursuant to subsection a. of section 3 of P.L.2018, c.97 (C.52:27D-489k3), payments required to be made in accordance with an incentive grant pledge entered into pursuant to sections…

52:27D-489k5 Incentive grant pledge may be secured by a mortgage. 5. a. In lieu of, or in addition to, the provisions of section 4 of P.L.2018, c.97 (C.52:27D-489k4), the municipality may provide in the agreement that the incentive grant pledge, if any, is to be secured by a mort…

52:27D-489k6 Bonds exempt from taxation. 6. All bonds issued pursuant to sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.), are hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and the bonds,…

52:27D-489k7 Pledge, covenant, agreement by State with bondholders. 7. The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds issued pursuant to sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.) that the State will not li…

52:27D-489k8 Severability. 8. If any section, subsection, clause or provision of the "Economic Redevelopment and Growth Grant Bond Financing Act," sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.), shall be adjudged to be unconstitutional or ineffective in whole or…

52:27D-489k9 Filing of bond resolution, ordinance for public inspection. 9. An authority or municipality, as applicable, shall cause a copy of any bond resolution or bond ordinance, as applicable, adopted by it to be filed for public inspection in the office of the municipal cler…

52:27D-489l Creation of municipal redevelopment utility permitted. 12. a. A municipality may adopt an ordinance creating a municipal redevelopment utility under the name and style of "the __________ redevelopment utility," with all or any significant part of the name of the munic…

52:27D-489m Certain laws inoperative, without effect relative to certain applications. 13. Sections 11 through 41 of P.L.2001, c.310 (C.52:27D-459 through C.52:27D-489) shall be inoperative and without effect for applications submitted after the effective date of P.L.2009, c.90; …

52:27D-489n Implementation guidelines, directives, rules, regulations. 18. The Local Finance Board in the Department of Community Affairs, the State Treasurer, and the Economic Development Authority may adopt implementation guidelines or directives, and adopt such administrative …

52:27D-489o Ordinance for payment to municipal redeveloper for certain projects. 11. a. The governing body of a municipality may, by ordinance, agree that certain eligible revenues in a project area may be paid for a period, not to exceed 20 years, to a municipal redeveloper to u…

52:27D-489p Short title. 1. This act shall be known and may be cited as the "New Jersey Economic Opportunity Act of 2013." L.2013, c.161, s.1.

52:27D-489q Findings, declarations relative to the "New Jersey Economic Opportunity Act of 2013." 22. The Legislature finds and declares that: a. Healthy, thriving municipalities are vital to the health, safety, and economic well-being of the State. b. Municipalities that are eco…

52:27D-489r Definitions relative to the "New Jersey Economic Opportunity Act of 2013." 23. As used in section 24 of P.L.2013, c.161 (C.52:27D-489s): "Aviation district" means all areas within the boundaries of the "Atlantic City International Airport," established pursuant to sec…

52:27D-489s Authority of development entity. 24. a. A Garden State Growth Zone Development Entity is authorized to undertake clearance, re-planning, development, or redevelopment of property within a Garden State Growth Zone. b. (1) Notwithstanding any other law to the contrary, …

52:27D-489t Severability. 27. The provisions of this act shall be severable, and if any of its provisions shall be held to be unconstitutional, the decision of the court shall not affect the validity of the remaining provisions of P.L.2013, c.161 (C.52:27D-489p et al.). L.2013, c…

52:27D-489u Appeal after property tax exemption terminated. 3. Notwithstanding any other law to the contrary, a Garden State Growth Zone Development Entity that is granted a property tax exemption on improvements to eligible property pursuant to section 24 of P.L.2013, c.161 (C.5…

52:27D-49. Approval of applications The commissioner may issue commitments for, and may make or contract to make, capital grants pursuant to section 5 of this act, upon his approval of any application submitted to him therefor and the finding that: (a) the municipality or local p…

52:27D-490 Short title. 1. This act shall be known and may be cited as the "Neighborhood Revitalization State Tax Credit Act." L.2001,c.415,s.1.

52:27D-491 Definitions relative to the "Neighborhood Revitalization State Tax Credit Act." 2. As used in P.L.2001, c.415 (C.52:27D-490 et seq.): "Assistance" means the contribution of moneys to aid in the provision of neighborhood preservation and revitalization services or commu…

52:27D-492 Eligibility of business entity for certificate for neighborhood revitalization tax credits. 3. A business entity shall be eligible for a certificate for neighborhood revitalization State tax credits if it has provided funding for a qualified project that has been appro…

52:27D-493 Neighborhood preservation and revitalization plan required for eligibility. 4. In order for an entity to be eligible to receive a tax credit pursuant to P.L.2001, c.415 (C.52:27D-490 et seq.), the nonprofit organization which is the recipient of funding provided by the…

52:27D-494 Approval of plan by department; standards. 5. a. The department shall determine whether a neighborhood preservation and revitalization plan should be approved. The department shall approve a neighborhood preservation and revitalization plan if it satisfies the followin…

52:27D-495 Project proposed by nonprofit organization, determination as to qualification. 6. a. The department shall determine in accordance with law and regulation whether a project proposed by a nonprofit organization is qualified for assistance for which a tax credit certifica…

52:27D-495.1 Microenterprise programs, certain, emphasis on project applications. 3. a. In its determination of qualified projects proposed by nonprofit organizations, pursuant to section 6 of P.L.2001, c.415 (C.52:27D-495), the Department of Community Affairs shall give emphasis…

52:27D-496 Issuance of certificate. 7. a. The commissioner shall determine, in accordance with law and regulation, whether to issue a certificate based upon proposed assistance by a business entity to a nonprofit organization to implement a qualified project. b. The commissioner …

52:27D-497 Monitoring of projects carried out by nonprofit organizations. 8. a. The commissioner shall monitor the carrying out by nonprofit organizations of projects for which assistance has been received and tax credits awarded pursuant to P.L.2001, c.415 (C.52:27D-490 et seq.)…

52:27D-498 Forms, procedures, rules; reports. 9. a. In order to administer the neighborhood preservation and revitalization tax credit program, the department shall establish any necessary forms, procedures or rules to effectuate P.L.2001, c.415 (C.52:27D-490 et seq.), in accorda…

52:27D-499 Copy of certificate to taxpayers of the entity. 10. a. If a partnership, an S corporation, or a limited liability company qualifies for the credit, it shall provide a copy of the certificate to the taxpayers of the entity. b. A taxpayer shall attach a copy of the certi…

52:27D-5. Designation of person to perform duties during absence, disability, death or resignation of commissioner; approval by governor The commissioner shall designate any officer or employee in the department to perform all of the powers, functions and duties of the commission…

52:27D-50. Temporary advances; repayment (a) The commissioner may make temporary advances to a municipality or local public agency in anticipation of a grant to assist the municipality or local public agency in the preparation of its plans for any urban renewal project. Such temp…

52:27D-500 Neighborhood Revitalization Non-lapsing Trust Fund. 5. A non-lapsing trust fund is hereby established in the State treasury to be known as the Neighborhood Revitalization Non-lapsing Trust Fund, into which all assistance from business entities receiving certificates un…

52:27D-501 Findings, declarations relative to municipal consolidation and efficiency. 1. The Legislature finds and declares: a. The State of New Jersey currently has 566 municipalities, 616 school districts, and 186 fire districts, each with its own layers of local bureaucracy th…

52:27D-502 "Commission," "local unit" defined. 2. For the purposes of this act: "Commission" means the "Local Unit Alignment, Reorganization, and Consolidation Commission" established pursuant to section 3 of P.L.2007, c.54 (C.52:27D-503). "Local unit" means a municipality or fir…

52:27D-503 "Local Unit Alignment, Reorganization, and Consolidation Commission." 3. a. There is established in but not of the Department of Community Affairs, the "Local Unit Alignment, Reorganization, and Consolidation Commission." b. The commission shall consist of nine voting …

52:27D-504 Organization of commission, executive director and staff, meetings. 4. a. The "Local Unit Alignment, Reorganization, and Consolidation Commission" shall organize as soon as practicable after the appointment of its members and annually shall select a chair from among it…

52:27D-505 Duties of commission. 5. a. (1) The commission shall study and report on the structure and functions of county and municipal government, including local taxing districts, their statutory bases, including the fiscal relationship between local governments, and the approp…

52:27D-506 Local entities to cooperate with commission. 6. a. The "Local Unit Alignment, Reorganization, and Consolidation Commission" shall work in conjunction with the Local Finance Board and the Division of Local Government Services in the Department of Community Affairs. To t…

52:27D-507 Annual report to Governor, Legislature; consolidation proposals. 7. a. The "Local Unit Alignment, Reorganization, and Consolidation Commission" shall annually, by January 31st, submit to the Governor and the Legislature a report summarizing the commission's activities …