New Jersey § 52:27d-463

§ 52:27d-463.

The proposed preliminary revenue allocation plan shall include: a. a certification by the municipal tax assessor of the property tax increment base

of the district; b. a statement of the revenues, if any, to be pledged to support bonds of the district,

the percentage of such revenues to be so pledged, and a certification by the chief

financial officer of the municipality of the revenue increment base for each of the

pledged revenues other than the property tax revenue base. If the amount of any such revenue base cannot be certified, then the chief financial

officer shall estimate the amount and describe the basis for preparing the estimate

and the manner in which the revenue increment base will be determined after adoption

of the plan; c. a description of the proposed project or projects, an estimate of their cost, a

proposed construction schedule, the projected amount of bonds to be issued and whether

interest on such bonds is exempt from taxation for federal income tax purposes and

the projected debt service on the bonds issued to finance the project; d. a description of the development expected or planned within the district, including

the identification of the developers, if any, other than the district agent or the

municipality, and their contractual relationship, if any, with the district agent

or the municipality; e. an estimate of the taxable value of the assessed property within a district upon

completion of the projects; f. a projection of the amount of the pledged revenues during the period in which any

bond will be outstanding; g. a statement of whether or not the district agent intends to create a reserve for

payment of project costs prior to the adoption of the final revenue allocation plan; h. a statement of whether or not tax abatements or exemptions or special assessments

are expected to be granted in the district; and i. a fiscal impact statement for the taxing entities involved.