New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 3 - STANDARDS FOR BOARD'S PURCHASE OF DEVELOPMENT POTENTIAL, ISSUANCE OF MATCHING FUNDS FOR PURCHASE OF DEVELOPMENT POTENTIAL, AND GUARANTEE OF LOANS
Section 2:77-3.3 - Notification to municipality
Universal Citation: NJ Admin Code 2:77-3.3
Current through Register Vol. 56, No. 18, September 16, 2024
If the Board finds that the ordinance is viable, it shall inform the municipality that development potential within its jurisdiction may be eligible to be transferred to the Board. If the Board finds that the ordinance is not viable, it shall inform the municipality of the deficiencies, which must be corrected before the Board shall accept applications for the purchase of development potential, and issuance of loan guarantees.
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