40A:20-5.1. Urban renewal entity; qualification
63 words·~1 min read·
/nj/title-40a/chapter-20/40a-20-5-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2. The provisions of section 5 of P.L.1991, c.431 (C.40A:20-5) to the contrary notwithstanding, a nonprofit corporation organized for the purpose of developing, constructing and operating a qualified subsidized housing project may qualify as an urban renewal entity under P.L.1991, c.431 (C.40A:20-1 et seq.) if its certificate of incorporation is in conformity with the requirements of the federal agency subsidizing the project.
L.1994,c.87,s.2.