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New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Chapter 27d: Establishment
Section: 52:27d-126d: Waiver of enforcing agency fees
Notwithstanding the provisions of section 3 of P.L.1979, c.121 (C.52:27D-126a), any municipality may, by ordinance, provide for a waiver of enforcing agency fees for any corporation which is (1) organized pursuant to the "New Jersey Nonprofit Corporation Act," N.J.S.15A:1-1 et seq. and (2) actively engaged in constructing or rehabilitating housing units for occupancy by low or moderate income households.
For the purposes of this act, "low income household" means a household in which the gross household income is equal to 50\% or less of the median gross household income for households of the same size within the region in which the housing is located. "Moderate income household" means a household in which the gross household income is equal to more than 50\% but less than 80\% of the median gross household income for households of the same size within the region in which the housing is located.
L.1989, c.68, s.1.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 52:27d-126d (if available):
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