N.J. Stat. § 52:27D-493

Current through L. 2024, c. 62.
Section 52:27D-493 - Neighborhood preservation and revitalization plan required for eligibility

In order for an entity to be eligible to receive a tax credit pursuant to P.L. 2001, c. 415(C.52:27D-490 et seq.), the nonprofit organization which is the recipient of funding provided by the entity shall submit a neighborhood preservation and revitalization plan to the department for approval, and shall submit a proposed project which defines the elements of the plan to be implemented with the funds provided. Two or more nonprofit organizations may submit a plan to the department jointly. Any such plans shall designate one nonprofit organization as the lead organization with responsibility for the plan.

N.J.S. § 52:27D-493

L. 2001, c. 415, s. 4.
P.L. 2001, c. 415, s. 11, provides: "This act shall take effect on the first day of the next State fiscal year after its enactment."