Title 55, Title 55: TENEMENT HOUSES AND PUBLIC HOUSING

55:19-22 Definitions relative to urban redevelopment. 3. As used in P.L.1996, c.62 (C.55:19-20 et al.), except as otherwise clearly required by the context: "Authority" means the New Jersey Redevelopment Authority established pursuant to section 4 of P.L.1996, c.62 (C.55:19-23). …

55:19-23. New Jersey Urban Development Corporation reconstituted as New Jersey Redevelopment Authority 4. a. The New Jersey Urban Development Corporation established pursuant to P.L.1985, c.227 (C.55:19-1 et seq.) is reconstituted as the New Jersey Redevelopment Authority. For th…

55:19-24. Powers of authority 5. The authority shall have the following powers: a. to sue and be sued; b. to have a seal and alter the same at the authority's pleasure; c. to enter into contracts upon such terms and conditions as the authority shall determine to be reasonable, in…

55:19-25. Prioritization of projects 6. The authority, in determining which projects to approve for financing, shall accord first priority to any project situated in a municipality which at the time the application for project financing is submitted is eligible to receive aid und…

55:19-26. Volunteer cooperation, assistance of private business firms, executives 7. In planning and carrying out projects pursuant to P.L.1996, c.62 (C.55:19-20 et al.) the authority and its subsidiaries shall endeavor to enlist the cooperation and assistance, on a volunteer bas…

55:19-27. Additional powers of authority 8. a. In order to carry out the purposes and provisions of P.L.1996, c.62 (C.55:19-20 et al.), the authority, in addition to any powers granted to it elsewhere in P.L.1996, c.62 (C.55:19-20 et al.), shall have the authority to form, purcha…

55:19-28. Joint ventures 9. The authority, or any subsidiary, may enter into agreements with any individual, partnership, trust, association or corporation, or any public agency, under which the authority or subsidiary and such other entity or entities shall undertake a project a…

55:19-29. Loans for projects 10. The authority, or any subsidiary, may make loans to any individual, partnership, trust, association or corporation for the purpose of enabling such entity to undertake any work, improvement or other activity in a qualified municipality which, if u…

55:19-3. Definitions 3. As used in this act, except as otherwise clearly required by the context: a. "Board" or "board of directors" means the directors of the corporation appointed pursuant to section 4 of this act. b. "Corporation" means the New Jersey Urban Development Corpora…

55:19-30. Authority empowered to issue bonds 11. For the purpose of providing funds to pay all or any part of the cost of any project or projects, to make loans in accordance with the provisions of P.L.1996, c.62 (C.55:19-20 et al.), and for the funding or refunding of any bonds,…

55:19-31. Issuance of bonds 12. By resolution, the authority shall have power to incur indebtedness, borrow money and issue its bonds for the purposes stated in section 11 of P.L.1996, c.62 (C.55:19-30); provided, however, that the authority shall not issue more than $100 million…

55:19-32. Bond, other obligation deemed fully negotiable 13. Any provision of any law to the contrary notwithstanding, any bond or other obligation issued pursuant to P.L.1996, c.62 (C.55:19-20 et al.) shall be fully negotiable within the meaning and for all purposes of Title 12A…

55:19-33. Power of authority to covenant, agree with bondholders 14. In order to secure the payment of such bonds and in addition to its other powers, the authority shall have power by resolution to covenant and agree with the several holders of such bonds, as to: a. the custody,…

55:19-34. Pledge of revenues, other moneys valid, binding 15. Any pledge of revenues or other moneys made by the authority shall be valid and binding from the time that the pledge is made. The revenues or other moneys so pledged and thereafter received by the authority shall imme…

55:19-35. Lawful investments in authority securities 16. Any public or private agency, organization, corporation, or association which is not legally barred from investing in the bonds or stock of the New Jersey Housing and Mortgage Finance Agency or any of its subsidiary corpora…

55:19-36. Liability on bonds 17. Neither the members of the authority nor any person executing bonds issued pursuant to P.L.1996, c.62 (C.55:19-20 et al.) shall be liable personally on the bonds by reason of the issuance thereof. Bonds or other obligations issued by the authority…

55:19-37. Conflicts prohibited; remedies 18. a. No member, officer, agent or employee of the authority or of any of its subsidiaries shall take any official action on any matter in which he or she has a direct or indirect financial interest, except that the ownership of, or tenan…

55:19-38. Prevailing wages 19. Any builder, contractor or subcontractor engaged upon a project within the meaning of P.L.1996, c.62 (C.55:19-20 et al.), and any person, firm or authority managing or operating such a project, including the authority and its subsidiaries, shall pay…

55:19-39. Public hearing on project 20. a. Under the jurisdiction and at the discretion of the authority, there may be a public hearing on each project, the cost of which is estimated to exceed $250,000, within the municipality in which the project is to be located. In the event …

55:19-4. Urban Development Corporation a. There is established the New Jersey Urban Development Corporation. For the purpose of complying with the provisions of Article V, Section IV, paragraph 1 of the Constitution, this corporation is allocated to the Department of Commerce and…

55:19-40. Property, securities of authority, tax exempt; in lieu of tax payments 21. The exercise of the powers granted by P.L.1996, c.62 (C.55:19-20 et al.) shall constitute the performance of an essential governmental function and the authority shall not be required to pay any …

55:19-41. Agreements between contiguous municipalities to share project revenues 22. The governing bodies of any two contiguous municipalities within which is located or is to be located a New Jersey Redevelopment Authority project situated in part within each municipality, may b…

55:19-42. Responsibility of each municipality set forth in agreement 23. Any agreement entered into pursuant to section 22 of P.L.1996, c.62 (C.55:19-41) for the sharing of payments and revenues derived from a project shall also set forth the manner in which the costs of municipa…

55:19-43. Investments permitted 24. Notwithstanding any restriction contained in any other law, the State and all political subdivisions of this State, and all other persons who are or may hereafter be authorized to invest in bonds or other obligations of the State, may invest an…

55:19-44. P.L.1996, c.62 complete authority for issuance of bonds 25. The foregoing sections of P.L.1996, c.62 (C.55:19-20 et al.) shall be deemed to provide a complete method for the doing of things authorized thereby and shall be regarded as not in conflict with, or as restrict…

55:19-45. Submission of New Jersey Redevelopment Strategy document 26. With its first annual report, and every second year thereafter, the authority shall submit a New Jersey Redevelopment Strategy document, setting forth the goals and priorities governing the selection of the pr…

55:19-46. New Jersey Redevelopment Investment Fund 27. a. There is hereby created the New Jersey Redevelopment Investment Fund, or "fund," a revolving loan pool to be used for the purpose of making loans, loan guarantees or grants pursuant to the provisions of this act, into whic…

55:19-47. Establishment of loan rates, maturities; earnings paid to the fund 28. a. Loan rates and maturities of loans made by the New Jersey Redevelopment Authority shall be established by the Commissioner of Commerce and Economic Development taking into consideration rates avai…

55:19-48. County empowered to enter into contracts with authority 29. a. Any county, by resolution of its governing body, shall have power to enter into contracts with the authority relating to any project or projects situated within the county; provided, however, that any such r…

55:19-49. Property of authority exempt from levy, sale 30. All property of the authority shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same nor shall any judgment against an authority be a charge or…

55:19-5. Coordination with other State programs; advisory council a. In planning for the development and execution of projects authorized by this act, or for the exercise of any of the other powers conferred upon the corporation or its subsidiaries, the board shall consult with t…

55:19-50. Moneys transferred to the fund; functions, employees, property transferred to the authority 31. a. All sums appropriated, transferred or otherwise available to the New Jersey Redevelopment Authority from any source, are transferred to the New Jersey Redevelopment Invest…

55:19-51. Use of moneys, priorities, relative to Local Development Financing Fund 32. Moneys deposited in the fund established pursuant to section 4 of P.L.1983, c.190 (C.34:1B-39), shall be used to provide financial assistance to sponsors for implementation of projects as define…

55:19-52. Municipal ordinance to provide for tax abatement, payment in lieu of taxes 33. In order to provide security for the bonds or other obligations authorized herein, a municipality may adopt an ordinance which provides for tax abatement within a redevelopment area and for a…

55:19-53. Financial agreements to provide for repayment of bonds 34. a. A financial agreement entered into pursuant to section 33 of P.L.1996, c.62 (C.55:19-52) shall provide for payments in lieu of taxes in an amount agreed upon, and, to the extent needed to pay debt service and…

55:19-54. Definitions relative to abandoned property 35. For the purposes of this article: "Abandoned property" means any property that is determined to be abandoned pursuant to P.L.2003, c.210 (C.55:19-78 et al.); "Public officer" means a person designated or appointed by the mu…

55:19-55 Identification of abandoned property, listing. 36. a. A qualified municipality that has designated or appointed a public officer pursuant to section 3 of P.L.1942, c.112 (C.40:48-2.5), may adopt an ordinance directing the public officer to identify abandoned property for…

55:19-56 Sale of tax lien on abandoned property; remediation costs. 37. a. Notwithstanding R.S.54:5-19 or the provisions of any other law to the contrary, if a property is included on the abandoned property list and the property taxes or other municipal liens due on the property …

55:19-57. Removal of property from list of abandoned properties; remediation 38. a. An owner may remove a property from the list of abandoned properties prior to sale of the tax sale certificate by paying all taxes and municipal liens due, including interest and penalties and: (1…

55:19-58. Action to foreclose right of redemption 39. a. When a person other than the municipality or the authority or its subsidiaries acquires a tax sale certificate for a property on the abandoned property list at tax sale, the purchaser may institute an action to foreclose th…

55:19-59. Final judgment barring right of redemption; grounds for reopening 40. Once a final judgment barring the right of redemption with respect to a property on the list of abandoned properties has been recorded, no court shall reopen such judgment at any time except on the gr…

55:19-6. Powers of the corporation 6. Except as otherwise limited in this act, the corporation shall have power: a. to sue and be sued; b. to have a seal and alter the same at pleasure; c. to make and execute contracts and all other instruments necessary or convenient for the exe…

55:19-60. Urban Coordinating Council 45. a. There is established in, but not of, the Department of Community Affairs an Urban Coordinating Council. b. The Urban Coordinating Council shall be comprised of the Governor, the chief officer of each department of the executive branch, …

55:19-61. Duties of Urban Coordinating Council 46. The Urban Coordinating Council shall: a. Ensure that State agencies coordinate responses and provide assistance to projects and programs outlined in neighborhood empowerment plans developed pursuant to section 49 of P.L.1996, c.6…

55:19-62. Office of Neighborhood Empowerment 47. a. There is established in, but not of, the Department of Community Affairs an Office of Neighborhood Empowerment. b. The Governor shall appoint an executive director of the Office of Neighborhood Empowerment who shall serve at the…

55:19-63. Duties of Office of Neighborhood Empowerment 48. The Office of Neighborhood Empowerment shall: a. Provide support for a community director who shall assist local sponsors in developing or implementing neighborhood empowerment plans; b. Provide case management services t…