New Jersey § 34:1b-198
Full text of New Jersey New Jersey Statutes § 34:1b-198, with citation guidance and answers to common questions.
§ 34:1b-198.
When an ordinance establishing or amending a district has passed first reading, it
shall be submitted to the State Treasurer as an application, together with all included
and incorporated certificates and documents and such additional documentation as the
treasurer shall require. The treasurer shall approve the ordinance if it is determined that: a. the planned sports and entertainment facility is likely to be realized and would
not likely be accomplished by private enterprise without the creation of the district
and the financing of the proposed project or projects; b. the $20 million commitment of private investment is assured; c. the creation of the district will contribute to the economic development of the
municipality; and d. the size of the proposed district, the financial needs in order to accomplish the
project and the amount of the revenues anticipated to be raised from the discretionary
taxes do not exceed the size and amount necessary to accomplish the purposes of the
plan.
Frequently Asked Questions About New Jersey § 34:1b-198
What does New Jersey Statutes § 34:1b-198 cover?
Section 34:1b-198 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 § 34:1b-198?
A common citation format is "New Jersey Statutes § 34:1b-198" (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 § 34:1b-198 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.