New Jersey § 52:27d-489i1

§ 52:27d-489i1.

Notwithstanding any provision of the “New Jersey Economic Stimulus Act of 2009,” P.L.2009, c. 90 ( C.52:27D-489a et al.) to the contrary, the following provisions shall apply to a mixed use parking

project that is restricted under categories (vi) or (viii) of subparagraph (b) of

paragraph (3) of subsection b. of section 6 of P.L.2009, c. 90 ( C.52:27D-489f ) and undertaken by a municipal redeveloper after the effective date of P.L.2022, c. 75 ( C.52:27D-489i1 et al.), 1 for which a redevelopment incentive grant is awarded: a. A municipal redeveloper shall submit a temporary certificate of occupancy for such

proposed mixed use parking project no later than June 30, 2026. b. (1) Except as provided in paragraph (2) of this subsection, a redevelopment incentive

grant award shall be equal to 100 percent of the total project costs allocated to

the parking component of the project and 40 percent of the total project costs allocated

to the non-parking component of a proposed mixed use parking project. (2) A redevelopment incentive grant award shall be equal to 100 percent of the total

project costs allocated to the parking component of the project and 80 percent of

the total project costs allocated to the non-parking component of the mixed use parking

project if the mixed use parking project is: (a) constructed upon all or a portion of a project site that was previously the subject

of an award of tax credits pursuant to the “Urban Transit Hub Tax Credit Act,” P.L.2007, c. 346 ( C.34:1B-207 et seq. ) or the “New Jersey Economic Stimulus Act of 2009,” P.L.2009, c. 90 ( C.52:27D-489a et al.), but the tax credits were not issued; (b) an entertainment venue with seating capacity in excess of 5,000; or (c) constructed to be utilized by a visitor center or youth center within or adjacent

to a national historic park. c. The terms of any approval, granted by the authority, for a proposed mixed use parking

project undertaken by a municipal redeveloper, which has not yet commenced construction

activities other than demolition or site work, may be modified to reflect the terms

established pursuant to P.L.2022, c. 75 ( C.52:27D-489i1 et al.), upon application to the authority for review and approval; provided, however,

the developer shall not be required to pay any fee that may be established under law

or regulation related to the application for modification. All dates of required action by a municipal redeveloper contained in an approval,

granted by the authority, shall be automatically extended by the thirty-month period

corresponding to the temporary certificate of occupancy submission date established

by subsection a. of this section. d. All proposed mixed use parking projects shall comply with Leadership in Energy

and Environmental Design (LEED) standards, to the extent that the United States Green

Building Council shall have promulgated standards for the project type proposed. 1

L.2022, c. 75, eff. July 29, 2022.