New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A1038

Introduced

1/9/24

Refer

1/9/24

Imposes credit rating requirement upon ability for municipality to exercise powers under "Local Redevelopment and Housing Law."

Carry Over Imposes credit rating requirement upon ability for municipality to exercise powers under "Local Redevelopment and Housing Law."

Excludes farmland from definitions of "redevelopment area" and "rehabilitation area" in "Local Redevelopment and Housing Law."

Excludes farmland from definitions of "redevelopment area" and "rehabilitation area" in "Local Redevelopment and Housing Law."

Imposes credit rating requirement upon ability for municipality to exercise powers under "Local Redevelopment and Housing Law."

Excludes farmland from definitions of "redevelopment area" and "rehabilitation area" in "Local Redevelopment and Housing Law."

Excludes farmland from definitions of "redevelopment area" and "rehabilitation area" in "Local Redevelopment and Housing Law."

Prevents use of condemnation to acquire residential and other private property under redevelopment laws.

Prevents use of condemnation to acquire residential and other private property under redevelopment laws.

Clarifies "Local Redevelopment and Housing Law."