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Terms Used In New Jersey Statutes 55:14E-5.1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
a. The executive director or other chief executive officer of a corporation or entity which makes application to develop a project pursuant to the provisions of the “Urban Redevelopment Law,” P.L.1946, c.52 (C. 55:14E-1 et seq.) shall provide written notice to a county or municipality, as appropriate, whenever such a corporation or entity enters into a written agreement for the planning and construction of a housing development project within the county or municipality for which funding assistance shall be sought from State or federal agencies, or both. The executive director or other chief executive officer shall also provide notice to such officials when the authority makes application for such assistance. Such notification shall be made within five calendar days of the signing of the written agreement, or the application for funding assistance.

b. In the case of a county organized under the “Optional County Charter Law,” P.L.1972, c.154 (C. 40:41A-1 et seq.), written notice shall be provided to the county executive or other appropriate executive officer, and to the board of chosen freeholders. In all other counties, written notice shall be provided to the members of the board of chosen freeholders.

In the case of a municipality other than a municipality organized under the council-manager plan pursuant to the “Optional Municipal Charter Law,” P.L.1950, c.210 (C. 40:69A-1 et seq.), written notice shall be provided to the mayor and to the members of the council. In the case of a municipality organized under the council-manager plan pursuant to the “Optional Municipal Charter Law,” P.L.1950, c.210 (C. 40:69A-1 et seq.), written notice shall be provided to the manager and to the members of the council.

L.1990,c.90,s.3.