New Jersey § 40a:12a-76
Full text of New Jersey New Jersey Statutes § 40a:12a-76, with citation guidance and answers to common questions.
§ 40a:12a-76.
As used in sections 3 through 16 of P.L.2019, c. 159 ( C.40A:12A-76 through C.40A:12A-89 ): “ Land bank entity ” means a public land bank entity or a non-profit land bank entity. “ Land bank property ” means property subject to a land banking agreement. “ Land banking agreement ” means an agreement between a municipality and a land bank entity to act on behalf
of the municipality to hold, maintain and lease or convey property owned by the municipality
and not needed for any public purpose. “ Non-profit land bank entity ” means a non-profit entity, established pursuant to the “New Jersey Nonprofit Corporation
Act,” N.J.S.15A:1-1 et seq. , that has entered into a land banking agreement. “ Public land bank entity ” means a redevelopment entity that has entered into a land banking agreement. “ Redevelopment entity ” means either: (1) A redevelopment entity designated by the municipality pursuant to section 4 of
the “Local Redevelopment and Housing Law,” P.L.1992, c. 79 ( C.40A:12A-4 ); (2) A county improvement authority designated by the municipality to act as a redevelopment
entity pursuant to the “county improvement authorities law,” P.L.1960, c. 183 ( C.40:37A-44 et seq. ) for the purpose of entering into a land banking agreement with said entity, without
regard to whether the county improvement authority is otherwise acting as a redevelopment
entity in the municipality; or (3) The municipality itself, or one of its departments or agencies, but only if the
municipality is executing redevelopment responsibilities directly pursuant to section
4 of P.L.1992, c. 79 ( C.40A:12A-4 ). In such cases, the designated redevelopment entity shall not need to adopt separate
ordinances or resolutions, as appropriate, for the purpose of adopting a land banking
agreement or amendments pursuant to subsections d. and e. of section 5 of P.L.2019, c. 159 ( C.40A:12A-78 ) and the adoption of one ordinance to create the land banking agreement, and one
ordinance for each amendment thereto shall suffice. Termination notice requirements, prescribed by section 14 of P.L.2019, c. 159 ( C.40A:12A-87 ), also shall not be necessary. “ Trust agreement ” means an agreement between a municipality and land bank entity, pursuant to subsection
f. of section 5 of P.L.2019, c. 159 ( C.40A:12A-78 ).
Frequently Asked Questions About New Jersey § 40a:12a-76
What does New Jersey Statutes § 40a:12a-76 cover?
Section 40a:12a-76 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 § 40a:12a-76?
A common citation format is "New Jersey Statutes § 40a:12a-76" (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 § 40a:12a-76 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.