[First Reprint]
ASSEMBLY, No. 2379
STATE OF NEW JERSEY
INTRODUCED SEPTEMBER 26, 1996
By Assemblymen GREEN, KELLY, Assemblywoman J. Smith, Assemblymen Gregg, Weingarten and
Assemblywoman Cruz-Perez
An Act concerning rental housing and amending P.L.1987, c.153.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 7 of P.L.1987, c.153 is amended to read as follows:
7. This act shall take effect immediately 1[, and shall expire [ten] fifteen years following enactment, but the expiration of this act shall not affect any multiple dwelling for which an exemption from a rent control or rent leveling ordinance was afforded prior to the expiration date, but the period of exemption so afforded shall continue for the full period afforded under [this act] P.L.1987, c.153 (C.2A:42-84.1 et seq.)]1.
(cf: P.L.1992, c.206, s.1)
2. This act shall take effect immediately.
Extends for five years exemption from rent control or rent leveling ordinances for new multiple dwellings.