New Jersey § 52:27d-489l
Full text of New Jersey New Jersey Statutes § 52:27d-489l, with citation guidance and answers to common questions.
§ 52:27d-489l.
a. A municipality may adopt an ordinance creating a municipal redevelopment utility
under the name and style of “the __________ redevelopment utility,” with all or any significant part of the name of the municipality
inserted. The redevelopment utility shall be a municipal public utility for the purposes of
Title 40A of the New Jersey Statutes. b. The purpose of every redevelopment utility shall be to receive revenues collected
pursuant to section 11 of P.L.2009, c. 90 ( C.52:27D-489k ) and to use those revenues as payment of incentive grants, and for other local purposes
that may be approved by the Local Finance Board, as that board deems necessary or
useful. c. If a municipality does not create a municipal redevelopment utility, then any revenues
collected pursuant to section 11 of P.L.2009, c. 90 ( C.52:27D-489k ) and any grants received to pay incentive grants shall be treated as riders in the
municipal budget pursuant to N.J.S.40A:4-36 .
Frequently Asked Questions About New Jersey § 52:27d-489l
What does New Jersey Statutes § 52:27d-489l cover?
Section 52:27d-489l 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-489l?
A common citation format is "New Jersey Statutes § 52:27d-489l" (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-489l 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.