New Jersey Statutes 52:27D-311a. Adaptability requirement; “new construction” defined
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Terms Used In New Jersey Statutes 52:27D-311a
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1. Beginning upon the effective date of P.L.2005, c.350 (C. 52:27D-311a et al.), any new construction for which credit is sought against a fair share obligation shall be adaptable in accordance with the provisions of section 5 of P.L.2005, c.350 (C. 52:27D-123.15). For the purposes of P.L.2005, c.350 (C. 52:27D-311a et al.), “new construction” shall mean an entirely new improvement not previously occupied or used for any purpose.
L.2005,c.350,s.1.