New Jersey Administrative Code
Title 3 - BANKING
Chapter 42 - PINELANDS DEVELOPMENT CREDIT BANK
Subchapter 5 - BOARD PURCHASE OF PINELANDS DEVELOPMENT CREDITS
Section 3:42-5.2 - Application to the Board

Universal Citation: NJ Admin Code 3:42-5.2

Current through Register Vol. 56, No. 18, September 16, 2024

(a) An application for the Board's purchase of Pinelands Development Credits shall be made to the Executive Director in such form and number as he shall from time to time specify.

(b) The Executive Director may waive or modify any of the application requirements set forth in (c) below if he determines that any required information is not relevant or necessary for purposes of evaluating and acting on the application.

(c) The following information shall be included in the application:

1. The applicant's name and mailing address;

2. The name of the person(s) who own(s) the Pinelands Development Credits, if different from the applicant's, and a signed consent to the filing of the application;

3. A duplicate of the Pinelands Development Credit Certificate or, if a Certificate has not been issued, the information required pursuant to 3:42-3.2(c) with the exception of 3:42-3.2(c)8.

4. The number of Pinelands Development Credits to be sold;

5. A statement detailing the applicant's basis for believing that the Board can make one of the findings required in 3:42-5.3(b)3 and (c) 3; and

6. Such other information as the Executive Director may determine is necessary in order to review and act on the application.

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