Section 52:27D-489k11 - Municipality may undertake local improvements on behalf of a redeveloper.

NJ Rev Stat § 52:27D-489k11 (2019) (N/A)
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52:27D-489k11 Municipality may undertake local improvements on behalf of a redeveloper.

11. Whenever a municipality issues bonds in accordance with sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.), or a municipality applies to an authority to issue bonds pursuant to sections 1 through 11 of P.L.2018, c.97 (C.52:27D-489k1 et seq.), the municipality by ordinance may cause local improvements to be undertaken, or otherwise agree to acknowledge the undertaking of local improvements, by or on behalf of a redeveloper, for the powers granted under R.S.40:56-1 et seq., including section 10 of P.L.2018, c.97 (C.52:27D-489k10).

L.2018, c.97, s.11.