N.J. Stat. § 34:1B-15.1
This is the official text of N.J. Stat. § 34:1B-15.1, part of New Jersey’s Stat — part of the compiled statutory law of New Jersey, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Contiguous municipalities with project; agreements to share revenues; reciprocal ordinances
Official statutory text
The governing bodies of any two contiguous municipalities within which is located or is to be located a New Jersey Economic Development Authority project situated in part within each municipality, may by reciprocal ordinances enter into agreements with each other to share all tax revenues, payments in lieu of taxes or other revenues as shall be derived from the entire project, and to which they are by law entitled, in such proportion as they deem proper. L.1977, c. 463, s. 1, eff. March 2, 1978.
Status: in_force · Read it on the official government site
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