New Jersey § 33:1-24

§ 33:1-24.

a. Notwithstanding the provisions of section 1 of P.L.1977, c. 246 ( C.33:1-12.39 ), a municipality in which is located an urban enterprise zone as designated pursuant

to P.L.1983, c. 303 ( C.52:27H-60 et al.) or any supplement thereto, and a Planning Area 1 (Metropolitan), as designated

pursuant to the “State Planning Act,” sections 1 through 12 of P.L.1985, c. 398 ( C.52:18A-196 et seq. ), may acquire any existing plenary retail consumption licenses within the municipality

that are inactive and retain any such licenses in an inactive status for a period

of up to five years. b. A municipality subject to the provisions of subsection a. of this section may issue

at public sale one or more of any such inactive plenary retail consumption licenses

in a manner consistent with the provisions of P.L.1975, c. 275 ( C.33:1-19.1 et seq. ), to no more than one corporation or legal entity for each such plenary retail consumption

license for use only at a licensed premises that shall be located in a development

project within a smart growth area, as defined in section 1 of P.L.2004, c. 89 ( C.52:27D-10.2 ), in the municipality. The use of any such plenary retail consumption license shall be an a manner consistent

with the provisions of Title 33 of the Revised Statutes and any regulations promulgated

thereunder by the director.