New Jersey § 52:27d-324

§ 52:27d-324.

The agency shall establish procedures for entering into, and shall enter into, contractual

agreements with willing municipalities or developers of inclusionary developments

whereby the agency will administer resale controls and rent controls in municipalities

where no appropriate administrative agency exists. The contractual agreements shall be for the duration of the controls and shall involve

eligibility determinations, determination of initial occupants, the marketing of units,

maintenance of eligibility lists for subsequent purchasers or renters, and determination

of maximum resale prices or rents. The agency may charge the municipality or inclusionary developer a reasonable per

unit fee for entering into such an agreement, or may charge a reasonable fee to a

low or moderate income household at the time the home is sold subject to the resale

control or both. Agency fees shall be established according to methods or schedules approved by the

State Treasurer. Neither the agency nor any other entity entering into an agreement to provide services

to a municipality under this section shall require, as a condition of that agreement,

that these services be provided for all eligible housing units in the municipality. A municipality, at its discretion, may enter into an agreement for the provision

of services for any reasonable portion of its eligible housing units.