The commission may, as to any real property sold or leased by it, impose restrictions or conditions as to the use of the real property or the construction, demolition, repair, alteration or reconstruction of buildings or structures and the time of their commencement and completion. All restrictions and conditions shall be related to a lawful purpose and shall not be inconsistent with or impose a special or higher standard than any zoning or planning ordinance then in effect in the municipality or under the “State Uniform Construction Code Act,” P.L.1975, c. 217 (C. 52:27D-119 et seq.).

L.1984, c. 196, s. 5, eff. Nov. 27, 1984.