New Jersey Statutes
§ 40A:20-17 — Sale of land to an urban renewal entity
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
17.The municipality or any redevelopment entity, authority or other instrumentality thereof, is authorized, by resolution, to make any land owned by it available for use for a project by an urban renewal entity, by private sale, at such prices and upon such terms and conditions as shall be agreed upon by the municipal governing body, redevelopment entity, authority or instrumentality and the urban renewal entity. L.1991,c.431,s.17.
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Nearby Sections
15
§ 40A:20-1
Short title§ 40A:20-10
Provisions for transfer or sale.§ 40A:20-12
Tax exemption, duration.§ 40A:20-12.1. Nonapplicability of certain annual service charges
§ 40A:20-12.1. Nonapplicability of certain annual service charges§ 40A:20-13
Termination of tax exemption.§ 40A:20-13.1. Tax exemption
§ 40A:20-13.1. Tax exemption§ 40A:20-13.2
Certain tax exemptions may be continued.§ 40A:20-15
Excess profits of a limited dividend entity.§ 40A:20-16
Net profits of a nonprofit entity§ 40A:20-16.1. Payment of net profits to municipality; condition
§ 40A:20-16.1. Payment of net profits to municipality; condition§ 40A:20-17
Sale of land to an urban renewal entity