Section 52:27BBB-2.2 - Findings, declarations relative to urban revitalization The Legislature finds and declares:
a. The "Municipal Rehabilitation and Economic Recovery Act," P.L. 2002, c. 43(C.52:27BBB-1 et al.), provides for the appointment of a chief operating officer in a qualified municipality for a five-year period, referred to in that law as the rehabilitation term;b. As of the effective date of P.L. 2007, c. 176(C.52:27BBB-2.2 et al.), that 2002 act has been implemented in one municipality in the State;c. The fourth-year report of the chief operating officer appointed in that municipality, required pursuant to section 8 of P.L. 2002, c. 43(C.52:27BBB-8), recommended an extension of the rehabilitation term to allow for the implementation of the reforms anticipated by P.L. 2002, c. 43; andd. Given the detailed assessment and recommendation in that fourth-year report, it is apparent that under certain circumstances a 10-year rehabilitation term is a more realistic period within which government reform may be effectuated in a qualified municipality.Added by L. 2007, c. 176,s. 1, eff. 9/16/2007.