C.2A:42-84.1 et seq.
P.L. 1997, CHAPTER 56, approved April 1, 1997
Senate, No. 1619 (First Reprint)
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.
Makes permanent the exemption for new multiple dwellings from rent control or rent leveling ordinances.