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

52:27BBB-31 Cooperation of State agencies with chief operating officer. 31. a. All State departments and agencies, to the extent not inconsistent with law and within budget constraints, shall cooperate with the chief operating officer and respond to requests for such information …

52:27BBB-32 Immunity from liability for State officer, employee. 32. The State shall not be liable in tort, contract or in the nature of tort for any action or inaction involving the rehabilitation or revitalization of the municipality. The chief operating officer, assistant chie…

52:27BBB-33 Utilization of available mechanisms to facilitate communications. 33. The commissioner shall utilize available mechanisms, such as the Urban Coordinating Council, to coordinate and facilitate communications between the chief operating officer and the various State dep…

52:27BBB-34 Municipality to remain body corporate and politic; elections. 34. a. Notwithstanding that a municipality has been placed under rehabilitation and economic recovery under P.L.2002, c.43 (C.52:27BBB-1 et al.), the municipality shall remain a body corporate and politic i…

52:27BBB-35 Agreement between library and county for operation. 35. Notwithstanding any law, rule or regulation to the contrary, the governing body of any qualified municipality in which a free public library has been established pursuant to R.S.40:54-1 et seq. situated in a coun…

52:27BBB-36 State Economic Recovery Board created for qualified municipality. 36. a. In order to facilitate the rehabilitation and economic recovery of each qualified municipality, there is created a subsidiary corporation of the New Jersey Economic Development Authority, which s…

52:27BBB-37 Duties of board. 37. The duties of the board shall include, but not be limited to: a. in consultation with the chief operating officer and the mayor, the preparation of the capital improvement and infrastructure master plan, identification of resources necessary to as…

52:27BBB-38 Preparation of strategic revitalization plan. 38. a. Concurrently with the preparation of the capital improvement and infrastructure plan pursuant to section 42 of P.L.2002, c.43 (C.52:27BBB-41), the board shall oversee the preparation of a strategic revitalization pl…

52:27BBB-39. Regional impact council 39. a. There is established for each qualified municipality a regional impact council to serve for that period during which the municipality is under rehabilitation and economic recovery. The council shall consist of: the mayor of the qualifie…

52:27BBB-4. Notification to qualified municipality 4. Within 30 days of the effective date of P.L.2002, c.43 (C.52:27BBB-1 et al.), and thereafter within 30 days of the deadline for the adoption of municipal budgets pursuant to the "Local Budget Law," N.J.S.40A:4-1 for each calen…

52:27BBB-40 Role of regional impact council. 40. It shall be the role of the regional impact council to promote coordination among communities within the region surrounding a qualified municipality and to assist in the formulation of long range strategies to address regional issu…

52:27BBB-41 Consultation with State Economic Recovery Board. 42. a. The chief operating officer and the mayor of the qualified municipality shall consult with the State Economic Recovery Board established pursuant to section 36 of P.L.2002, c.43 (C.52:27BBB-36) in its preparation…

52:27BBB-42 Property tax collection audit. 43. In addition to the municipal management study, the chief operating officer in consultation with the mayor, shall cause to be conducted a property tax collection audit in order to ascertain those properties which are in arrears with r…

52:27BBB-43 Conveyance of right, title, interest in certain real property. 44. The governing body of each qualified municipality shall convey to the board, for the period of rehabilitation, its right, title and interest in any real property, acquired through the purchase of any t…

52:27BBB-44. Project list 45. a. The board shall prepare and submit a project list, as provided hereunder. The list shall be consistent with the strategic revitalization plan and capital improvement and infrastructure plans for the qualified municipality to the extent practicable…

52:27BBB-44.1. Preparation of economic stimulus package for qualified municipality 16. Upon receipt of notification by the commissioner pursuant to section 4 of P.L.2002, c.43 (C.52:27BBB-4), the State Treasurer shall prepare an economic stimulus package designed to foster the re…

52:27BBB-45 Definitions relative to project financing. 46. As used in this article: "Authority reserves" means the unrestricted funds of the authority that have not been designated for authority programs; "Bonds" means bonds, notes or other obligations issued by the authority pur…

52:27BBB-46 Powers of authority. 47. Notwithstanding the provisions of any law, rule, regulation or order to the contrary: a. The authority shall issue bonds and refunding bonds, incur indebtedness and borrow money secured, in whole or in part, by money received pursuant to secti…

52:27BBB-47 Payment to authority for debt service. 48. a. The State Treasurer shall, in each State fiscal year, pay from the General Fund to the authority, in accordance with a contract or contracts between the State Treasurer and the authority, authorized pursuant to section 49 …

52:27BBB-48 Contracts between State Treasurer and authority for debt service. 49. The State Treasurer and the authority are authorized to enter into one or more contracts to implement the payment arrangement that is provided for in section 48 of P.L.2002, c.43 (C.52:27BBB-47). Th…

52:27BBB-49 Series of special funds. 50. a. The authority shall establish and maintain a series of special funds as provided in sections 51 and 52 of P.L.2002, c.43 (C.52:27BBB-50 and C.52:27BBB-51) into which shall be deposited such moneys: (1) as shall be paid to the funds by t…

52:27BBB-5 Appointment of special arbitrator; criteria for dispute resolution. 5. Upon receipt of notification by the commissioner pursuant to section 4 of P.L.2002, c.43 (C.52:27BBB-4), the Chief Justice may designate a Superior Court judge who sits within the vicinage of the co…

52:27BBB-50 Overseeing of funds by board; amounts, purposes. 51. The board shall oversee the following funds: a. the "Residential Neighborhood Improvement Fund," into which shall be deposited the sum of $35 million from bond proceeds, to be disbursed at the direction of the board…

52:27BBB-51 "Higher Education and Regional Health Care Development Fund." 52. There is created the "Higher Education and Regional Health Care Development Fund" which shall be used to provide grants, to nonprofit educational institutions and regional health care facilities, as pro…

52:27BBB-51.1 Two-year commitment for moneys made available. 7. Notwithstanding the provisions of subsection a. of section 52 of P.L.2002, c.43 (C.52:27BBB-51), moneys made available pursuant thereto may be committed for a period not to exceed two years following the effective da…

52:27BBB-52 Conditions on tax-exempt entities receiving funding. 53. Any entity which is otherwise tax-exempt pursuant to Title 54 of the Revised Statutes and which receives funding pursuant to the "Municipal Rehabilitation and Economic Recovery Act,"P.L.2002, c.43 (C.52:27BBB-1 …

52:27BBB-53. Definitions relative to open for business incentives 54. As used in this section and section 55 of P.L.2002, c.43 (C.52:27BBB-54): a. "Business facility" means any factory, mill, plant, refinery, warehouse, building, complex of buildings or structural components of b…

52:27BBB-54. "Qualified Municipality Open for Business Incentive Program" 55. a. There is established in the authority the "Qualified Municipality Open for Business Incentive Program," the purpose of which is to foster business investment in qualified municipalities. Businesses t…

52:27BBB-55. Application for CBT or insurance tax credit, certain, for new positions 56. a. A taxpayer engaged in the conduct of business within a qualified municipality and who is not receiving a benefit under the "New Jersey Urban Enterprise Zones Act," P.L.1983, c.303 (C.52:27…

52:27BBB-56 "Residential property" defined; tax credit for certain principal residences. 57. a. For the purposes of subsection b. of this section, "residential property" shall include land, a dwelling house or a condominium unit under the form of real property ownership provided …

52:27BBB-57 Prevailing wage rate on construction contracts under act. 59. Not less than the prevailing wage rate shall be paid to any workers employed in the performance of construction contracts undertaken in connection with any projects undertaken pursuant to P.L.2002, c.43 (C.…

52:27BBB-58. Affirmative action program on EDA projects 60. In order to fulfill its obligation to establish an affirmative action program for the hiring of minority and female workers employed in the performance of construction contracts undertaken in connection with a project un…

52:27BBB-59 Arbitrator to consider rehabilitation when deciding certain labor disputes. 61. For the purposes of section 3 of P.L.1977, c.85 (C.34:13A-16), when deciding the award in a dispute involving public fire or police departments of the qualified municipality during the reh…

52:27BBB-6 Municipality deemed under rehabilitation and economic recovery; term. 6. a. Upon the appointment of a chief operating officer pursuant to section 7 of P.L.2002, c.43 (C.52:27BBB-7), a qualified municipality shall be under rehabilitation and economic recovery. This peri…

52:27BBB-60 Arrangements with other public entities by qualified municipalities. 62. During the rehabilitation and economic recovery terms, the qualified municipality may enter into arrangements with other municipalities, counties, local public authorities, or the State, for the …

52:27BBB-61 Contract to contain provision for termination. 63. a. All contracts and agreements entered into by the qualified municipality during the rehabilitation term pursuant to P.L.2002, c.43 (C.52:27BBB-1 et al.) shall contain provisions stating that the director or chief op…

52:27BBB-62. Moratorium on regional contribution agreements 66. Upon the date upon which the commissioner determines that the municipality fulfills the definition of a qualified municipality pursuant to section 4 of P.L.2002, c.43 (C.52:27BBB-4) and during the rehabilitation term…

52:27BBB-63 Membership of board of education in qualified municipality increased; appointments; terms. 67. a. The membership of the board of education serving in a school district which is contiguous with a qualified municipality and which is subject to level II monitoring or lev…

52:27BBB-63.1 School districts affected by economic recovery term. 12. a. Notwithstanding the provisions of section 67 of P.L.2002, c.43 (C.52:27BBB-63) or any other section of law to the contrary, upon the commencement of the economic recovery term in a qualified municipality pu…

52:27BBB-64. Board of education minutes subject to veto provisions 68. a. Notwithstanding the provisions of Title 18A or any other law, rule, or regulation to the contrary, the minutes of every meeting of the board of education of a school district contiguous with a qualified mun…

52:27BBB-65 Severability. 71. If any section, subsection, paragraph, sentence or other part of P.L.2002, c.43 (C.52:27BBB-1 et al.) is adjudged unconstitutional or invalid, that judgment shall not affect, impair or invalidate the remainder of this act, but shall be confined in it…

52:27BBB-66 Short title. 1. This act shall be known and may be cited as the "Tax Lien Financing Corporation Act." L.2003,c.120,s.1.

52:27BBB-67 Declarations relative to tax lien financing; purposes of act. 2. It is hereby declared to be in the public interest and to be the policy of the State to assist qualified municipalities by facilitating the creation of capital markets structures to fund public improveme…

52:27BBB-68 "Tax Lien Financing Corporation" established; governing members, terms, duties. 3. a. There is hereby established in, but not of, the Department of the Treasury, a public body corporate and politic, with corporate succession, to be known as the "Tax Lien Financing Cor…

52:27BBB-69 Definitions relative to tax lien financing. 4. As used in this act, unless the context clearly requires a different meaning: "Ancillary facility" means any revolving credit agreement, agreement establishing a line of credit or letter of credit, reimbursement agreement…

52:27BBB-7 Appointment of chief operating officer; term. 7. a. Upon receiving notification by the Commissioner of Community Affairs pursuant to section 4 of P.L.2002, c.43 (C.52:27BBB-4), the Governor shall appoint the chief operating officer in consultation with the mayor and th…