New Jersey § 52:27d-50
Full text of New Jersey New Jersey Statutes § 52:27d-50, with citation guidance and answers to common questions.
§ 52:27d-50.
(a) The commissioner may make temporary advances to a municipality or local public
agency in anticipation of a grant to assist the municipality or local public agency
in the preparation of its plans for any urban renewal project. Such temporary advances shall be repaid out of any State capital grant which may
become payable to the municipality or local public agency when the urban renewal project
involved is initiated; provided, that any such planning advance may be treated by
the commissioner as a grant to the extent that a State capital grant is not payable
to any municipality or local public agency because the urban renewal project is not
initiated; and provided further that any such advance shall be repaid in cash if
the project is terminated by the municipality or local public agency without the consent
of the commissioner. (b) The commissioner may also make temporary advances to a municipality or local public
agency to permit the acquisition of real property in an urban renewal project area,
subsequent to the surveying and planning therefor but prior to the final approval
of the urban renewal project plan and the execution of a contract with any department
or agency of the United States for a capital grant or a loan and grant; provided,
that no such advance shall be made unless such acquisition has been approved by the
governing body of the municipality in which such project is or will be located; and
provided further, that no sale, lease or other disposition of such land may be made
without the prior written approval of the commissioner. When the urban renewal project involved is undertaken such advances shall be repaid
out of any funds, including State capital grants, becoming payable to the municipality
or local public agency in connection with said project. In the event such urban renewal project is not undertaken, the commissioner may
require the sale of such land by the municipality or local public agency and reimbursement
of such advances out of the proceeds of such sale.
Frequently Asked Questions About New Jersey § 52:27d-50
What does New Jersey Statutes § 52:27d-50 cover?
Section 52:27d-50 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-50?
A common citation format is "New Jersey Statutes § 52:27d-50" (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-50 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.