SENATE COMMUNITY AFFAIRS COMMITTEE

STATEMENT TO

[First Reprint]

ASSEMBLY, No. 1339

STATE OF NEW JERSEY

DATED: SEPTEMBER 19, 1996

      The Senate Community Affairs Committee reports favorably Assembly Bill No. 1339 (1R).

      This bill would authorize the governing body of a municipality to accept payments for improvement assessments in yearly or quarterly installments. Under current law the governing body may provide only for the payment of assessments in yearly installments.