New Jersey Administrative Code
Title 3 - BANKING
Chapter 42 - PINELANDS DEVELOPMENT CREDIT BANK
Subchapter 7 - SALE, TRANSFER, EXCHANGE, CONVEYANCE OR RETIREMENT OF PINELANDS DEVELOPMENT CREDITS OWNED BY THE BANK
Part 2 - CONVEYANCE OF BOARD OWNED PINELANDS DEVELOPMENT CREDITS AT NO COST
Section 3:42-7.12 - Application for conveyance of Board-owned Pinelands Development Credits at no cost

Universal Citation: NJ Admin Code 3:42-7.12

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

(a) Application for conveyance of Board-owned Pinelands Development Credits at no cost shall be made to the Executive Director in such form and number as he or she 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 or she determines that any required information is not relevant or necessary for the purposes of conveying Pinelands Development Credits at no cost.

(c) The following information shall be included in applications for conveyance of Board-owned Pinelands Development Credits at no cost:

1. The applicant's name and mailing address;

2. The municipality in which the Pinelands Development Credits are to be redeemed;

3. The number of Pinelands Development Credits needed;

4. A duly adopted resolution granting preliminary subdivision or site plan approval pursuant to the Municipal Land Use Law (40:55D-1 et seq.);

5. Written affirmation of the subdivision or site plan approval from the Pinelands Commission;

6. The municipal tax block and lot number for which the Pinelands Development Credits will be redeemed;

7. A written description of the property along with any relevant plans; and

8. A written statement addressing the project's consistency with the standards set forth in 3:42-7.1 1.

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