New Jersey § 52:27d-329
Full text of New Jersey New Jersey Statutes § 52:27d-329, with citation guidance and answers to common questions.
§ 52:27d-329.
a. The council may authorize a municipality that has petitioned for substantive certification
to impose and collect payments-in-lieu of constructing affordable units on site upon
the construction of residential development, which payments may be imposed and collected
as provided pursuant to the rules of the council. Payment-in-lieu fees shall be deposited into a trust fund, and accounted for separately
from any other fees collected by a municipality. Whenever a payment-in-lieu is charged by a municipality pursuant to this subsection,
a development fee authorized pursuant to section 8 of P.L.2008, c. 46 ( C.52:27D-329.2 ) shall not be charged in connection with the same development. b. A municipality shall commit to expend collections from payments-in-lieu imposed
pursuant to subsection a. of this section within four years of the date of collection. The council may extend this deadline if the municipality submits sufficient proof
of building or other permits, or other efforts concerning land acquisition or project
development. The council shall provide such administrative assistance as may be required to aid
in the construction of affordable housing units. A municipality that fails to commit to expend the amounts collected pursuant to
this section within the timeframes established shall be required to transfer any unexpended
revenue collected pursuant to subsection a. of this section to the “New Jersey Affordable
Housing Trust Fund,” established pursuant to section 20 of P.L.1985, c. 222 ( C.52:27D-320 ), to be used within the same housing region for the authorized purposes of that fund,
in accordance with regulations promulgated by the council.
Frequently Asked Questions About New Jersey § 52:27d-329
What does New Jersey Statutes § 52:27d-329 cover?
Section 52:27d-329 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 § 52:27d-329?
A common citation format is "New Jersey Statutes § 52:27d-329" (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 § 52:27d-329 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.