Current through Register Vol. 56, No. 24, December 18, 2024
Section 19:30-5.2 - Municipalities eligible for priority consideration(a) Municipalities meeting either of the following criteria are considered eligible locations: 1. Constituting a "qualifying municipality" as defined in N.J.S.A. 52:27D-178, which designates certain municipalities as "New Jersey Urban Aid Municipalities" based on a formula including, but not limited to:i. At least one publicly financed dwelling unit for low income families in municipalities with populations in excess of 15,000;ii. The number of children receiving "Aid to Dependent Children" exceeds 250;iii. The municipality's equalized tax rate exceeds the State equalized tax rate; andiv. The municipality's equalized valuation per capita is less than the State equalized valuation per capita.2. Eligibility under the Authority's formula requires that a municipality meet three of the four following standards:i. Unemployment rate above the State average;ii. Per capita income lower than the State average;iii. Ratables per capita less than the State average;iv. A total number of unemployed persons of 1,000 or more.(b) A municipality shall remain on the list of eligible locations for a period of one year after the municipality ceases to meet the criteria in (a)1 and 2 above.N.J. Admin. Code § 19:30-5.2
Amended by R.1995 d.435, effective 8/21/1995.
See: 27 New Jersey Register 2377(a), 27 New Jersey Register 3216(a).