New Jersey § 52:27h-71

§ 52:27h-71.

After the designation of the first two enterprise zones, the authority may by regulation,

from time to time modify, replace or supplement the criteria set forth in subsections

c. and d. of section 3 and in sections 10 and 11 of this act 1 so as to develop a complete set of criteria for the qualification of businesses for

the benefits of this act, and for the designation of enterprise zones in qualifying

municipalities. No regulation to modify, replace or supplement a criterion shall be adopted by the

authority unless the authority has prior to adoption issued a written report to the

Governor and the Legislature setting forth: the text of the proposed modification,

replacement or supplement; a statement of the authority's reasons for the proposal;

the written statement of any authority member dissenting from the authority's proposal;

and a statement of the manner in which the proposal will further the legislative intent

of this act. Not less than 60 days after the authority report is placed upon the desk of each

member of the Legislature, the authority shall hold a public hearing at which any

interested person shall be heard. Upon the completion of the public hearing, the regulation may be adopted by the

authority in the manner otherwise prescribed by law. The authority may modify, replace or supplement criteria pursuant to this section,

if it finds that: a. The criteria set forth in this act do not accurately determine the relative burden

of poverty, unemployment and general distress among and between areas under consideration

for designation as enterprise zones; b. The criteria do not utilize newly available data, or do utilize data not available

or not complete and accurate; c. The criteria would not assure the eligibility of designated zones for federal government

assistance under programs now or hereafter undertaken by the federal government, for

which those areas and the municipalities in which they are located would not be eligible

in the absence of that designation. 1

N.J.S.A. §§ 52:27H-62, 52:27H-69 and 52:27H-70.