N.J.S.A. 40A:20-5.1

Urban renewal entity; qualification

40A:20-5.1. Urban renewal entity; qualification 2. The provisions of section 5 of P.L.1991, c.431 (C.40A:20-5) to the contrary notwithstanding, a nonprofit corporation organized for the purpose of developing, constructing and operating a qualified subsidized housing project may qualify as an urban renewal entity under P.L.1991, c.431 (C.40A:20-1 et seq.) if its certificate of incorporation is in conformity with the requirements of the federal agency subsidizing the project. L.1994,c.87,s.2.

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This is the verbatim text of N.J.S.A. 40A:20-5.1, 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.

N.J.S.A. 40A:20-5.1 — Urban renewal entity; qualification | Kyzer