N.J. Admin. Code § 2:77-1.2

Current through Register Vol. 57, No. 1, January 6, 2025

Section 2:77-1.2 - Purpose

(a) The purpose of this chapter is to:

1. Facilitate the effective operation of the Board, and its participation in the acquisition and transfer of development potential;

2. Establish a registry of development potential credits and transfers, and procedures for its operation;

3. Establish standards and procedures for the Board's purchase of development potential;

4. Establish standards and procedures for the Board's approval of loan guarantees secured with development potential as collateral;

5. Establish standards and procedures by which the Board can convey development potential; and

6. Establish standards and procedures for the application, approval and issuance of planning assistance grants to a municipality by the Board.

N.J. Admin. Code § 2:77-1.2