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P.L. 1996, CHAPTER 123, approved November 1, 1996

Senate No. 1295 (First Reprint)

 

An Act concerning certain municipal resolutions approving a tax exemption or abatement for low or moderate income senior citizen housing and amending P.L.1995, c.423.

 

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

    1. Section 1 of P.L.1995, c.423 is amended to read as follows:

    1. Any resolution heretofore adopted by the governing body of a municipality approving the application of an urban renewal entity to proceed with a housing project for low or moderate income senior citizens [pursuant to a redevelopment plan], and authorizing a tax exemption or abatement for that project, is hereby ratified, validated and confirmed notwithstanding that the urban renewal entity failed to make written application to the municipality for approval of the project prior to proceeding with that project, as required by section 8 of P.L.1991, c.431 (C.40A:20-8). 1Any such resolution adopted by a municipal governing body pursuant to this act may provide that such tax abatement or exemption shall be retroactive to the date construction commenced on the project.

    Notwithstanding any other provision of law to the contrary, any project granted a tax exemption or abatement pursuant to this act shall be deemed to be an improvement made for the purpose of the clearance, replanning, development or redevelopment of any blighted area if the project was reviewed and approved by the planning board of the municipality in which the project is located.1

(cf: P.L.1995, c.423)

 

    2. This act shall take effect immediately 1[and shall be retroactive to September 30, 1996 if enacted subsequent to that date]1.


                             

 

Validates tax abatement for low or moderate income senior citizen housing project in Sayreville.