Repeals "Statewide Non-Residential Development Fee Act."
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill repeals the ‘Statewide Non-Residential Development Fee Act,’ which established a fee on non-residential development to fund affordable housing. The bill amends existing statutes to remove references to this fee and redirects funds previously collected into the ‘New Jersey Affordable Housing Trust Fund.’ It aims to streamline the process for municipalities to utilize these funds for affordable housing projects.
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