reglab/housing_qa huggingface dataset:
NJ Rev Stat § 40A:12A-52 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-52 - Creation of landfill reclamation improvement districts permitted

40A:12A-52. Creation of landfill reclamation improvement districts permitted  3. A municipality in which there is a tract of land of at least 150 acres in size which may consist of one or more tax lots, of which not less than 100 acres were formerly or are presently used as a landfill which has been delineated a "redevelopment area" or "area in need of redevelopment" pursuant to the "Local Redevelopment and Housing Law," P.L.1992, c.79 (C.40A:12A-1 et seq.), may adopt an ordinance creating a landfill reclamation improvement district whenever the municipality determines that the closure and remediation of the landfill within the district and the proposed development of the property within the district will promote the health and general welfare of the residents of the municipality and the district. A municipality may create, by separate ordinances, more than one district. Any municipal redevelopment plan adopted by the municipality shall provide for the development of the property within the district in compliance with P.L.1995, c.173 (C.40A:12A-50 et seq.) and this amendatory and supplementary act, P.L.1996, c.73 (C.40A:12A-50a et al.). L.1995,c.173,s.3; amended 1996,c.73,s.4.
NJ Rev Stat § 40A:12A-53.1 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-53.1 - Powers of municipality adopting franchise assessment ordinance

40A:12A-53.1. Powers of municipality adopting franchise assessment ordinance  6. For the purposes of the effective administration of the franchise assessment, a municipality adopting a franchise assessment ordinance shall have the power to: a. Collect the franchise assessment, interest and penalties imposed by an ordinance adopted pursuant to section 4 of P.L.1995, c.173 (C.40A:12A-53) which shall from the time due be a debt of the person by whom payable to the municipality, recoverable in a court of competent jurisdiction in a civil action in the name of the municipality to be instituted within three years of the date due. b. Authorize, as an additional remedy, the chief financial officer of the municipality to issue a certificate to the clerk of the Superior Court that any person is indebted under the ordinance in an amount stated in the certificate. Thereupon, the clerk to whom the certificate is issued shall immediately enter upon the record of documented judgments the name of the person, the address of the place of business where the franchise assessment liability was incurred, the amount of the debt so certified and the date of making of the entry. The making of the entry shall have the same force and effect as the entry of a documented judgment in the office of the clerk, and the chief financial officer of the municipality shall have all the remedies and may take all the proceedings for the collection of the debt which may be had or taken upon the recovery of a judgment in an action, but without prejudice to the person's right of appeal. c. Provide that, if for any reason the franchise assessment is not paid when due, interest at the rate of 12% per annum on the amount of the franchise assessment due, and an additional penalty of one-half of 1% of the amount of the unpaid assessment for each month or fraction thereof during which the franchise assessment remains unpaid, shall be added and collected. When action is brought for the recovery of any franchise assessment, the person liable therefor shall, in addition, be liable for the costs of collection and the interest and penalties imposed. Any aggrieved person may, within 90 days of the entry of the decision, order, finding, assessment or action of the chief financial officer of the municipality under this section, file an appeal in the Superior Court, upon payment of the amount stated by the chief financial officer to be due. The appeal provided by this section shall be the exclusive remedy available to any person for review of a determination of the chief financial officer with respect to a liability for the franchise assessment imposed. L.1996,c.73,s.6.
NJ Rev Stat § 40A:12A-54 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-54 - Appropriation of franchise assessments; apportionment of retained amount

40A:12A-54. Appropriation of franchise assessments; apportionment of retained amount  5. Any portion of the aggregate franchise assessment collected annually by the municipality which is not appropriated or expended by the municipality for purposes of the district as such purposes are provided in the "Local Redevelopment and Housing Law," P.L.1992, c.79 (C.40A:12A-1 et seq.), but is retained by the municipality, shall be apportioned between the municipality and the county in which the landfill reclamation improvement district is located, such that 90 percent of the retained franchise assessment collected in that year shall be retained by the municipality and 10 percent shall be transferred by the municipality to the county for use in economic development. L.1995,c.173,s.5; amended 1996,c.73,s.7.
NJ Rev Stat § 40A:12A-59 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-59 - Payment in lieu of taxes may be secured by mortgage

40A:12A-59. Payment in lieu of taxes may be secured by mortgage  11. In lieu of the provisions of section 10 of P.L.1996, c.73 (C.40A:12A-58), the municipality may provide in the agreement that the payment in lieu of taxes, if any, is to be secured by a mortgage. In that event the mortgage may also be assigned and pledged to the repayment of the bonds authorized herein. The assignment of any mortgage that secures a payment in lieu of taxes, if any, may also be an absolute assignment of all or part of the municipality's right, title, and interest in the mortgage and, to the extent assigned, any moneys realized from the foreclosure of the mortgaged property shall not be included in the general funds of the municipality. After the bonds or other obligations are paid and no longer deemed to be outstanding, the assignment of the mortgage shall terminate. L.1996,c.73,s.11.
NJ Rev Stat § 40A:12A-60 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-60 - Bonds exempt from taxation; exceptions

40A:12A-60. Bonds exempt from taxation; exceptions  12. All bonds issued pursuant to this act are hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and the bonds, and the interest thereon and the income therefrom, and all facility charges, funds, revenues and other moneys pledged or available to pay or secure the payment of the bonds, or interest thereon, shall at all times be exempt from taxation except for transfer inheritance and estate taxes. L.1996,c.73,s.12.
NJ Rev Stat § 40A:12A-61 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-61 - Pledge, covenant, agreement with bond holders

40A:12A-61. Pledge, covenant, agreement with bond holders  13. The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds issued pursuant to this act that the State will not limit or alter the terms of any agreement, ordinance or resolution made in connection with the security for and the issuance and sale of any bonds, so as to in any way impair the rights or remedies of such holders, and will not modify in any way the exemption from taxation provided for in this act, until the bonds, together with interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged or provided for. L.1996,c.73,s.13.
NJ Rev Stat § 40A:12A-62 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-62 - Severability

40A:12A-62. Severability  14. If any section, subsection, clause or provision of this act shall be adjudged to be unconstitutional or ineffective in whole or in part, to the extent that it is not adjudged unconstitutional or is not ineffective, it shall be valid and effective and no other section, subsection, clause or provision of this act shall on account thereof be deemed invalid or ineffective, and the inapplicability or invalidity of any section, subsection, clause or provision of this act in any one or more instances or under any one or more circumstances shall not be taken to affect or prejudice in any way its applicability or validity in any other instance or under any other circumstance. L.1996,c.73,s.14.
NJ Rev Stat § 40A:12A-63 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-63 - Bonds, notes, obligations presumed fully authorized, issued

40A:12A-63. Bonds, notes, obligations presumed fully authorized, issued  15. After issuance, pursuant to this act, all bonds, notes or other obligations shall be conclusively presumed to be fully authorized and issued by all courts and officers of this State, and any person shall be estopped from questioning their sale, execution or delivery. L.1996,c.73,s.15.
NJ Rev Stat § 40A:12A-64 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-64 - Short title

40A:12A-64. Short title  1. Sections 1 through 10 of P.L.2001, c.310 (C.40A:12A-64 et seq.) shall be known and may be cited as the "Redevelopment Area Bond Financing Law." L.2001,c.310,s.1.
NJ Rev Stat § 40A:12A-69 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-69 - Payment secured by mortgage

40A:12A-69. Payment secured by mortgage  6. In lieu of, or in addition to, the provisions of section 5 of P.L.2001, c.310 (C.40A:12A-68), the municipality may provide in the agreement that the payment in lieu of taxes, if any, is to be secured by a mortgage. In that event the mortgage may also be assigned and pledged to the repayment of the bonds authorized herein. The assignment of any mortgage that secures a payment in lieu of taxes, if any, may also be an absolute assignment of all or part of the municipality's right, title, and interest in the mortgage and, to the extent assigned, any moneys realized from the foreclosure of the mortgaged property shall not be included in the general funds of the municipality. After the bonds are paid and no longer deemed to be outstanding, the assignment of the mortgage shall terminate. L.2001,c.310,s.6.
NJ Rev Stat § 40A:12A-70 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-70 - Bonds exempt from taxation

40A:12A-70. Bonds exempt from taxation  7. All bonds issued pursuant to the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.) are hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and the bonds, and the interest thereon and the income therefrom, and all facility charges, funds, revenues and other moneys pledged or available to pay or secure the payment of the bonds, or interest thereon, shall at all times be exempt from taxation except for transfer inheritance and estate taxes. L.2001,c.310,s.7.
NJ Rev Stat § 40A:12A-71 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-71 - Covenant, agreement with bondholders

40A:12A-71. Covenant, agreement with bondholders  8. The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds issued pursuant to the "Redevelopment Area Bond Financing Law,"P.L.2001, c.310 (C.40A:12A-64 et seq.) that the State will not limit or alter the terms of any agreement, ordinance or resolution made in connection with the security for and the issuance and sale of any bonds, so as to in any way impair the rights or remedies of such holders, and will not modify in any way the exemption from taxation provided for in the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.), until the bonds, together with interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged or provided for. L.2001,c.310,s.8.
NJ Rev Stat § 40A:12A-72 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-72 - Severability

40A:12A-72. Severability  9. If any section, subsection, clause or provision of the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.) shall be adjudged to be unconstitutional or ineffective in whole or in part, to the extent that it is not adjudged unconstitutional or is not ineffective, it shall be valid and effective and no other section, subsection, clause or provision of the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.) shall on account thereof be deemed invalid or ineffective, and the inapplicability or invalidity of any section, subsection, clause or provision of the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.) in any one or more instances or under any one or more circumstances shall not be taken to affect or prejudice in any way its applicability or validity in any other instance or under any other circumstance. L.2001,c.310,s.9.
NJ Rev Stat § 40A:12A-73 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-73 - Bond resolution, ordinance, filing for public inspection.

40A:12A-73 Bond resolution, ordinance, filing for public inspection.  10. An authority or municipality, as applicable, shall cause a copy of any bond resolution or bond ordinance, as applicable, adopted by it to be filed for public inspection in the office of the municipal clerk of the municipality wherein the project financed by the bonds is located. In the case of an authority, the resolution also shall be filed for public inspection in its office. The authority or municipality may cause to be published, at least once in a newspaper published or circulating in the municipality, if there be one, and if not, in a newspaper published and circulating in the county, a notice stating the fact and date of the adoption and the places where the bond resolution or bond ordinance, as applicable, has been so filed for public inspection along with the date of the first publication of the notice and also stating that any action or proceeding of any kind or nature in any court questioning the validity or proper authorization of bonds provided for by the bond resolution or bond ordinance, as applicable, or the validity of any covenants, agreements or contracts provided for by the bond resolution or bond ordinance, as applicable, shall be commenced within 20 days after the first publication of that notice. If any such notice shall at any time be published and if no action or proceeding questioning the validity or proper authorization of bonds provided for by the bond resolution or bond ordinance, as applicable, referred to in said notice, or the validity of any covenants, agreements, or contracts provided for by said bond resolution or bond ordinance, as applicable, shall be commenced or instituted within 20 days after the first publication of the notice, then all persons shall be forever barred and foreclosed from instituting or commencing any action or proceeding in any court, or from pleading any defense to any action or proceeding, questioning the validity or proper authorization of such bonds, or the validity of such covenants, agreements, or contracts, and said bonds, covenants, agreements, and contracts shall be conclusively deemed to be valid and binding obligations in accordance with their terms and tenor. L.2001, c.310, s.10; amended 2018, c.97, s.16.
NJ Rev Stat § 40A:12A-74 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-74 - Short title.

40A:12A-74 Short title.  1. Sections 1 through 16 of P.L.2019, c.159 (C.40A:12A-74 et seq.) shall be known and may be cited as the "New Jersey Land Bank Law." L.2019, c.159, s.1.
NJ Rev Stat § 40A:12A-75 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-75 - Findings, declarations relative to municipal land banking and online mapping.

40A:12A-75 Findings, declarations relative to municipal land banking and online mapping.  2. The Legislature finds and declares that: a. Difficult economic conditions coupled with the continued high rate of foreclosures have significantly increased the number of vacant, abandoned, and other problem properties in the State's municipalities, particularly its older cities;  b. The continued presence and proliferation of these vacant, abandoned, and other problem properties in the communities of this State has a negative effect on the public health and welfare, reduces property values and municipal revenues, and impedes the economic development and revitalization of the State's municipalities, particularly its older cities; c. At present, many vacant, abandoned and other problem properties, rather than being productively reused, remain vacant despite frequent changes in ownership, and continue to have a blighting effect on their surroundings; d. The State's municipalities can benefit from more effective tools to control the inventory of vacant, abandoned, and other problem properties, in order to both minimize the harm that they do in their present condition and to facilitate their restoration to productive use;  e. In order to most effectively engage the local community in identifying problem properties, the State's municipalities can also benefit from the publication of interactive online mapping databases of vacant and abandoned properties;  f. To ensure that land banking activities are conducted in an honest and open manner, the public can also benefit from the inclusion of properties subject to land banking agreements within the interactive online mapping databases regardless of whether or not such properties are vacant and abandoned;  g. It is in the best interest of this State to allow municipalities to designate single entities to act on their behalf to acquire, maintain, and convey, lease and otherwise dispose of vacant, abandoned and problem properties, in order to carry out strategies to ensure that the reuse of these properties provides the greatest long-term benefit to the physical, social and economic condition of the municipality; and h. It is, therefore, appropriate to identify land banking, and associated land banking activities, including those involving site improvements and the preparation of property for productive reuse, as a public purpose, and to permit a municipality to provide tax-exempt status to properties for so long as they are held as land bank properties.  L.2019, c.159, s.2.
NJ Rev Stat § 40A:12A-76 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-76 - Definitions relative to municipal land banking and online mapping.

40A:12A-76 Definitions relative to municipal land banking and online mapping.  3. As used in sections 3 through 16 of P.L.2019, c.159 (C.40A:12A-76 through C.40A:12A-89): "Land bank entity" means a public land bank entity or a non-profit land bank entity. "Land bank property" means property subject to a land banking agreement. "Land banking agreement" means an agreement between a municipality and a land bank entity to act on behalf of the municipality to hold, maintain and lease or convey property owned by the municipality and not needed for any public purpose. "Non-profit land bank entity" means a non-profit entity, established pursuant to the "New Jersey Nonprofit Corporation Act," N.J.S.15A:1-1 et seq., that has entered into a land banking agreement. "Public land bank entity" means a redevelopment entity that has entered into a land banking agreement. "Redevelopment entity" means either:  (1) A redevelopment entity designated by the municipality pursuant to section 4 of the "Local Redevelopment and Housing Law," P.L.1992, c.79 (C.40A:12A-4);  (2) A county improvement authority designated by the municipality to act as a redevelopment entity pursuant to the "county improvement authorities law," P.L.1960, c.183 (C.40:37A-44 et seq.) for the purpose of entering into a land banking agreement with said entity, without regard to whether the county improvement authority is otherwise acting as a redevelopment entity in the municipality; or  (3) The municipality itself, or one of its departments or agencies, but only if the municipality is executing redevelopment responsibilities directly pursuant to section 4 of P.L.1992, c.79 (C.40A:12A-4). In such cases, the designated redevelopment entity shall not need to adopt separate ordinances or resolutions, as appropriate, for the purpose of adopting a land banking agreement or amendments pursuant to subsections d. and e. of section 5 of P.L.2019, c.159 (C.40A:12A-78) and the adoption of one ordinance to create the land banking agreement, and one ordinance for each amendment thereto shall suffice. Termination notice requirements, prescribed by section 14 of P.L.2019, c.159 (C.40A:12A-87), also shall not be necessary. "Trust agreement" means an agreement between a municipality and land bank entity, pursuant to subsection f. of section 5 of P.L.2019, c.159 (C.40A:12A-78). L.2019, c.159, s.3.
NJ Rev Stat § 40A:12A-77 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-77 - Agreement with redevelopment entity.

40A:12A-77 Agreement with redevelopment entity.  4. a. A municipality may enter into a land banking agreement with a redevelopment entity, and designate the redevelopment entity as its land bank entity. b. A municipality may enter into a land banking agreement with a non-profit entity so long as the by-laws of the non-profit entity provide that the chief financial officer of the municipality serves on the board of the non-profit entity, ex officio. L.2019, c.159, s.4.
NJ Rev Stat § 40A:12A-79 (2021)
2021 New Jersey Revised Statutes|Title 40A - Municipalities and Counties|Section 40A:12A-79 - Land bank entity to act on behalf of municipality.

40A:12A-79 Land bank entity to act on behalf of municipality.  6. Pursuant to the land banking agreement or any subsequent amendment thereto, the land bank entity may be designated by the municipality to: a. acquire properties on its behalf through contribution, gift, grant, bequest, purchase or otherwise, whether or not the property is located in an area designated as a redevelopment area or an area in need of rehabilitation; and  b. act as its agent, or in place of its municipal officer, with respect to acquisition of property, including but not limited to purchase of tax and other liens, foreclosure of tax and other liens, and individual abandoned property takings pursuant to paragraph (2) of subsection c. of section 37 of the "New Jersey Urban Redevelopment Act," P.L.1996, c.62 (C.55:19-56) on behalf of the municipality and to acquire and hold in trust such properties on behalf of the municipality; provided, however, that nothing in this section shall authorize the use of eminent domain beyond that use already permitted by law. L.2019, c.159, s.6.