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Code · New Jersey · Title 40A — Municipalities and Counties · Chapter 12A

40A:12A-77 Agreement with redevelopment entity.

70 words·~1 min read·/nj/title-40a/chapter-12a/40a-12a-77·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

4. a. A municipality may enter into a land banking agreement with a redevelopment entity, and designate the redevelopment entity as its land bank entity.
b. A municipality may enter into a land banking agreement with a non-profit entity so long as the by-laws of the non-profit entity provide that the chief financial officer of the municipality serves on the board of the non-profit entity, ex officio.
L.2019, c.159, s.4.
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