N.J.S.A. 40:55D-146 — Provisions of development transfer ordinance.

40:55D-146 Provisions of development transfer ordinance. 10. Except as otherwise provided in this section, a development transfer ordinance shall provide that, on granting a variance under subsection d. of section 57 of P.L.1975, c.291 (C.40:55D-70) that increases the development potential of a parcel of property not in the designated receiving zone for which the variance has been granted by more than 5%, that parcel of property shall constitute a receiving zone and the provisions of the ordinance for receiving zones shall apply with respect to the amount of development potential required to implement that variance. This section shall not apply to any development that fulfills the definition of a minor site plan or minor subdivision. L.2004,c.2,s.10.

This is the verbatim text of N.J.S.A. 40:55D-146, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.