New Jersey Statutes 40:14A-31.2. Payment of benefit
(1) Notwithstanding the provisions of section 31 of P.L.1946, c.138 (C. 40:14A-31), as payment in lieu of taxes on the land on which the wastewater treatment plant, dewatering plant and sludge incineration facility are situated, and such payment shall be due and owing at the same time as the third quarterly payment of property taxes is due and owing pursuant to R.S.54:4-66;
(2) As an exemption of all or part of the fees and charges for the treatment of all wastewater generated within the boundaries of the municipality;
(3) As a lump sum cash payment or payments, according to a schedule established by the governing body of the recipient municipality; or
(4) Any combination thereof.
b. The payment of a host community benefit under this section shall be included as a cost of operation and maintenance for which rents, rates, fees or other charges are collected by the authority pursuant to section 8 of P.L.1946, c.138 (C. 40:14A-8).
L.1995,c.358,s.2.