N.J. Admin. Code § 3:42-7.15

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:42-7.15 - Voiding conveyances

(a) No Pinelands Development Credits conveyed pursuant to this part shall be:

1. Conveyed, sold or transferred to a person other than that who received the Board's approval;

2. Redeemed for use in a project other than that which received the Board's approval; and/or

3. Redeemed after one year following the Board's authorization.

(b) The Executive Director shall void any such conveyance of Pinelands Development Credits which is in violation of (a) above.

N.J. Admin. Code § 3:42-7.15