New Jersey § 52:27d-48
Full text of New Jersey New Jersey Statutes § 52:27d-48, with citation guidance and answers to common questions.
§ 52:27d-48.
(a) The commissioner may make, or contract to make, a State capital grant to a municipality
or to a local public agency to assist said municipality or local public agency in
carrying out one or more urban renewal projects. Any municipality or local public agency desiring a State capital grant for an urban
renewal project may apply to the commissioner therefor; provided, that the application
has been authorized by resolution of the governing body of the municipality in which
the project is or will be located; and provided further, that any such project has
been determined by any department or agency of the United States to be eligible for
assistance therefrom for such project and the municipality or the local public agency
has executed a contract with any department or agency of the United States for planning
advances for such project or has secured a letter from any department or agency of
the United States authorizing it to proceed with the project. The municipality or local public agency shall submit a copy of the plan for any
urban renewal project for which a State capital grant is sought and such other detailed
information concerning the project, including maps, data, plans, estimated costs,
method of financing and evidence of local approval, as the commissioner may require
by rules and regulations promulgated hereunder. (b) The commissioner shall review and evaluate all applications submitted to him pursuant
to subsection (a) of this section and shall establish such priorities for making grants
pursuant to this act as shall give due regard to the following factors: (1) the degree to which the municipality needs urban renewal assistance, in view of
its financial condition, available financial resources, tax rate, debt limit and other
economic factors; (2) the extent of blight in the municipality and the extent to which the municipality
has evidenced a readiness to utilize available resources to curtail the spread of
blight and eliminate existing blighted areas and conditions; and (3) the degree to which the urban renewal project for which a State capital grant
is sought will have a beneficial effect on the over-all economy and needs of the area
or region in which it is located or on other programs or policies of this State.
Frequently Asked Questions About New Jersey § 52:27d-48
What does New Jersey Statutes § 52:27d-48 cover?
Section 52:27d-48 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-48?
A common citation format is "New Jersey Statutes § 52:27d-48" (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-48 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.