New Jersey § 13:1e-116
Full text of New Jersey New Jersey Statutes § 13:1e-116, with citation guidance and answers to common questions.
§ 13:1e-116.
a. The provisions of any other law, or rule or regulation adopted pursuant thereto,
to the contrary notwithstanding, any developer may enter into a redevelopment agreement
with the State pursuant to the provisions of this section. The Commissioner of the Department of Commerce and Economic Development in consultation
with the State Treasurer shall negotiate the terms and conditions of any redevelopment
agreement on behalf of the State. b. In negotiating a redevelopment agreement with a developer, the commissioner shall
consider the following factors: (1) the economic feasibility of the redevelopment project; (2) the extent of economic and related social distress in the municipality and the
area to be affected by the redevelopment project; (3) the degree to which the redevelopment project will advance State, regional and
local development strategies; (4) the likelihood that the redevelopment project shall upon completion be capable
of repaying the closure and remediation costs incurred; (5) the relationship of the redevelopment project to a comprehensive local development
strategy, including other major projects undertaken within the municipality; and (6) the degree to which the redevelopment project enhances and promotes job creation
and economic development.
Frequently Asked Questions About New Jersey § 13:1e-116
What does New Jersey Statutes § 13:1e-116 cover?
Section 13:1e-116 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 13:1e-116?
A common citation format is "New Jersey Statutes § 13:1e-116" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 13:1e-116 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.