New Jersey § 4:1c-39

§ 4:1c-39.

a. A landowner who wishes to sell a fee simple absolute interest in land that becomes

enrolled after the effective date of P.L.1989, c. 28 ( C.4:1C-38 et al.) in a municipally approved program or other farmland preservation program

established pursuant to sections 14 and 13 of P.L.1983, c. 32 ( C.4:1C-21 and 4:1C-20 ), respectively, shall give to the committee written notice, by certified mail, that

a contract of sale has been executed for the property. The notice shall set forth the terms and conditions of the executed contract of

sale and shall have attached a copy of that contract. The notice of executed contract of sale shall also include any other information

that the committee may reasonably require by regulation. The committee shall have the first right and option to purchase the land upon substantially

similar terms and conditions, which right and option shall be exercisable as provided

by this section. If the committee chooses to exercise the first right and option, the committee shall

give notice of that intent to the landowner within a period of 30 days following the

date of receipt of the notice of executed contract of sale. The committee shall submit its offer to match the terms and conditions of the executed

contract of sale to the landowner within the 60 days following the expiration of the

30-day period. If no notice is given within the 30-day period that the committee intends to exercise

the first right and option, or if no offer is submitted to the landowner within the

60-day period following the 30-day period, the owner may at the expiration of the

30-day period or the 60-day period, as the case may be, convey the land to the proposed

purchaser named in the executed contract of sale upon the terms and conditions specified

therein, or to the proposed purchaser's assignee as provided in that executed contract

of sale. If the owner fails to convey the land to the named proposed purchaser or an assignee

thereof pursuant to the executed contract of sale, the land shall again become subject

to the committee's first right and option to purchase as provided by this section. A landowner may elect to convey the land to the committee upon the exercise of the

committee's first right and option to purchase without breaching the original contract

of sale, notwithstanding that the committee's offer is different than, or provides

for lower consideration than, that in the original executed contract of sale. b. The provisions of this section shall apply to any sale of a fee simple absolute

interest in land that becomes enrolled in a municipally approved program or other

farmland preservation program subsequent to the effective date of P.L.1989, c. 28 ( C.4:1C-38 et al.), except that any person enrolled in a municipally approved program or other

farmland preservation program prior to the effective date of P.L.1989, c. 28 ( C.4:1C-38 et al.) may agree to provide this first right and option to purchase in a manner

consistent with this section. c. The provisions of subsection a. of this section shall apply to the sale of a fee

simple absolute interest in land from which a development easement of limited term

has been conveyed pursuant to paragraph (2) of subsection a. of section 17 of P.L.1983,

c. 32 ( C.4:1C-24 ) during the term of that development easement and for one year thereafter.