New Jersey § 4:1c-53

§ 4:1c-53.

a. The board shall establish and maintain a Development Potential Transfer Registry,

which shall include: (1) The name and address of every person to whom and from whom development potential

is sold or otherwise conveyed, the date of the conveyance, and the consideration,

if any, received therefor; (2) The name and address of any person who has utilized development potential, the

location of the land to which and from which the development potential was transferred,

and the date this transfer was made; and (3) An annual enumeration of the total number of development transfers, listing the

municipality or municipalities involved in the transfer and the instrument of transfer. b. No person shall purchase or otherwise acquire, encumber, or utilize any development

potential without recording that fact, within 10 business days thereof, with the bank. c. The board shall make available (1) in the form of an annual report the information

included in the registry to the county and each municipality that has adopted a development

transfer ordinance, and (2) upon request, pertinent information to any other person. The first annual report shall be submitted to the Governor and Legislature and shall

be made available to the public on the first anniversary of the effective date of

this act.