New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 1 - GENERAL PROVISIONS
Section 2:77-1.2 - Purpose
Universal Citation: NJ Admin Code 2:77-1.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The purpose of this chapter is to:
1. Facilitate the effective
operation of the Board, and its participation in the acquisition and transfer of
development potential;
2. Establish a
registry of development potential credits and transfers, and procedures for its
operation;
3. Establish standards and
procedures for the Board's purchase of development potential;
4. Establish standards and procedures for the
Board's approval of loan guarantees secured with development potential as
collateral;
5. Establish standards and
procedures by which the Board can convey development potential; and
6. Establish standards and procedures for the
application, approval and issuance of planning assistance grants to a municipality
by the Board.
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