New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 86 - TRANSFER OF DEVELOPMENT RIGHTS REAL ESTATE MARKET ANALYSIS REPORT
Subchapter 4 - REAL ESTATE MARKET ANALYSIS IN THE HIGHLANDS
Section 5:86-4.1 - Applicability
Universal Citation: NJ Admin Code 5:86-4.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) If the transfer program involves credits from the Highlands preservation area and is established after the Highlands Council creates a Regional TDR Program pursuant to 13:20-13, the initial value of the Highlands preservation area development rights shall be the value set by the Council.
(b) If the municipality is proposing a TDR program that is voluntarily participating in the Highlands Regional TDR Program and is established after the Highlands Council creates a Regional TDR Program pursuant to 13:20-13, the initial value of the Highlands Region transferable development rights shall be the value set by the Council.
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