New Jersey § 40a:20-11
Full text of New Jersey New Jersey Statutes § 40a:20-11, with citation guidance and answers to common questions.
§ 40a:20-11.
A financial agreement approved pursuant to this act shall include findings by the
municipality, approved by the municipal governing body, setting forth appropriate
tax exemption provisions and an appropriate annual service charge schedule which shall
be based upon the provisions of section 12 of this act 1 and the municipality's determinations as to: a. The relative benefits of the project to the redevelopment of the redevelopment
area when compared to the costs, if any, associated with the tax exemption; b. An assessment of the importance of the tax exemption to be granted in obtaining
the development of the project and in influencing the locational decisions of probable
occupants of the project or units of the project. 1
N.J.S.A. § 40A:20-12.
Frequently Asked Questions About New Jersey § 40a:20-11
What does New Jersey Statutes § 40a:20-11 cover?
Section 40a:20-11 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:20-11?
A common citation format is "New Jersey Statutes § 40a:20-11" (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:20-11 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.