New Jersey Statutes
§ 40A:12A-40 — Payment in lieu of taxes
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
40.In connection with any housing project located wholly or partly within the area in which it is authorized to act, a public body may agree with a housing authority, redevelopment agency, redevelopment entity or the federal government that a certain sum, in no event to exceed the amount equal to 10% of the amount received by that authority, agency, entity or government in the form of shelter rents, or that no sum, shall be paid by that authority, agency, entity or government in lieu of taxes for any year or period of years. L.1992,c.79,s.40.
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Nearby Sections
15
§ 40A:12A-1
Short title§ 40A:12A-10
Relocation of public utility facilities§ 40A:12A-11
Creation of municipal redevelopment agency§ 40A:12A-11.1
Findings, declarations relative to municipal redevelopment agencies; additional commissioners, certain.§ 40A:12A-12
Executive director of redevelopment agency.§ 40A:12A-13
Submission of applications§ 40A:12A-15
Implementation of redevelopment plan.§ 40A:12A-17
Creation of housing authority§ 40A:12A-17.1
Housing choice vouchers, homeownership assistance.§ 40A:12A-17.2
Regulations.§ 40A:12A-18
Executive director of housing authority.§ 40A:12A-19
Management, operation of housing projects