New Jersey Statutes

§ 40A:12A-77 — Agreement with redevelopment entity.

New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
4.
a.A municipality may enter into a land banking agreement with a redevelopment entity, and designate the redevelopment entity as its land bank entity.
b.A municipality may enter into a land banking agreement with a non-profit entity so long as the by-laws of the non-profit entity provide that the chief financial officer of the municipality serves on the board of the non-profit entity, ex officio. L.2019, c.159, s.4.

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