New Jersey Statutes 40A:12A-24. Dissolution of redevelopment agency, housing authority
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Terms Used In New Jersey Statutes 40A:12A-24
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
24. A municipality or county may dissolve its redevelopment agency or housing authority by ordinance, or by resolution in the case of a county whose charter does not provide for the adoption of ordinances, and transfer all the agency’s or authority’s assets, liabilities and responsibilities to itself in accordance with the provisions of section 20 of the “Local Authorities Fiscal Control Law,” P.L.1983, c.313 (C. 40A:5A-20).
L.1992,c.79,s.24.