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A2109
ASSEMBLY, No. 2109
STATE OF NEW JERSEY
222nd LEGISLATURE
�
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Assemblywoman LINDA S. CARTER
District 22 (Somerset and Union)
Assemblywoman VERLINA REYNOLDS-JACKSON
District 15 (Hunterdon and Mercer)
SYNOPSIS
���� Concerns New Jersey Redevelopment Authority; changes
quorum requirements from 11 members to majority of voting members.
CURRENT VERSION OF TEXT
���� Introduced Pending Technical Review by Legislative
Counsel.
��
An Act
concerning the operations of the New Jersey
Redevelopment Authority and amending P.L.1996, c.62.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� Section 4 of P.L.1996,
c.62 (C.55:19-23) is amended to read as follows:
���� 4.��� a. The New Jersey Urban
Development Corporation established pursuant to P.L.1985, c.227 (C.55:19-1 et
seq.) is reconstituted as the New Jersey Redevelopment Authority.� For the
purpose of complying with the provisions of Article V, Section IV, paragraph 1
of the Constitution of the State of New Jersey, this authority is allocated to
the Department of
[
Commerce
and Economic Development
]
Community Affairs
; but, notwithstanding that allocation, the authority
shall be independent of any supervision or control by the department or by any
other board or officer thereof.� All references in any law, order, rule,
regulation, contract, loan, document or otherwise to the New Jersey Urban
Development Corporation in the Department of Commerce and Economic Development
shall mean the New Jersey Redevelopment Authority in the Department of
[
Commerce and
Economic Development
]
Community Affairs
.
���� b.��� The authority shall
constitute a body corporate and politic and an instrumentality exercising
public and essential governmental functions, and the exercise by the authority
of the powers conferred by P.L.1996, c.62 (C.55:19-20 et al.) shall be deemed
and held to be an essential governmental function of the State.
���� c.���� The authority shall
consist of the State Treasurer, the Attorney General, the Commissioner of
Community Affairs, the Commissioner of Education, the Commissioner of
Environmental Protection, the Commissioner of Health, the Commissioner of Human
Services, the Commissioner of Labor, the Commissioner of Transportation, and
the
[
Commissioner
of Commerce and Economic Development
]
Chief Executive Officer of the New Jersey Economic Development Authority
who shall be members and who shall serve ex officio, and eleven public members
of whom seven shall be appointed by the Governor with the advice and consent of
the Senate, two shall be appointed by the Senate President and two shall be
appointed by the Speaker of the General Assembly, for terms of three years,
except as provided hereunder.� Of the seven members appointed by the Governor,
one shall represent the interests of the for-profit development industry; one
shall represent the interests of the nonprofit development community, two shall
be mayors of municipalities which are coextensive with
[
"special
needs districts" as defined pursuant to section 3 of P.L.1990, c.52
(C.18A:7D-3)
]
SDA districts as defined pursuant to section 3 of P.L.2000, c.72
(C.18A:7G-3)
; two shall be mayors of municipalities which are contiguous to
municipalities which are coterminous with
[
special
needs
]
SDA
districts; and one shall represent the interest of the banking,
insurance or real estate financing industries.� Each member shall hold office
for the term of
[
his
]
the
member�s
appointment and until
[
his
]
the
member�s
successor shall have been appointed and qualified.� A member shall
be eligible for reappointment.�� Each mayor shall serve for a term of three
years, but shall continue to serve only as long as the mayor continues to hold
mayoral office.� The members appointed by each of the presiding officers of
both Houses of the Legislature shall not represent the same political party.�
Any vacancy in the membership occurring other than by expiration of term shall
be filled in the same manner as the original appointment but for the unexpired
term only.� In appointing public members, the presiding officers shall have
regard to providing an adequate depth and diversity of knowledge and experience
in the financial, physical and social aspects of urban development, and of
other relevant expertise in urban matters.�
���� d.��� Each ex officio member
may designate an officer or employee of
[
his
]
the
member�s
department to represent
[
him
]
the member
at authority meetings.� The designation shall be in writing, delivered into the
hands of the secretary of the authority, and shall continue in effect until
revoked or amended in the same manner.
���� e.���� Each member appointed
by the Governor may be removed from office by the Governor, for cause, after a
public hearing, and may be suspended by the Governor pending the completion of
the hearing.� Each member before entering upon
[
his
]
the member�s
duties shall
take and subscribe an oath to perform the duties of
[
his
]
the
office faithfully,
impartially and justly to the best of
[
his
]
the
member�s
ability.� A record of such oaths shall be filed in the office of
the Secretary of State.
���� f.���� The Commissioner of
[
Commerce and
Economic Development
]
Community Affairs
may, at the commissioner's discretion, serve as the
chairperson of the authority or may appoint one of the public members of the
authority as chairperson.� Any such designation or appointment shall be made in
writing and shall be delivered to the authority and to the Governor and shall
continue in effect until revoked or amended by a writing delivered to the
authority and the Governor.� The members of the authority shall elect from
their remaining number a vice chairperson and a treasurer thereof.� The
authority shall employ an executive director who shall be its secretary and
chief executive officer.� The powers of the authority shall be vested in the
members thereof in office from time to time and
[
eleven
]
a majority of the voting
members of the authority shall constitute a quorum
[
at any meeting thereof.� Action
may be taken, and motions and resolutions adopted, by the authority at any
meeting thereof by the affirmative vote of at least eleven members of the
authority
]
.
No vacancy in the membership of the authority shall impair the right of a
quorum of the members to exercise all of the powers and perform all of the
duties of the authority.
���� g.��� Each public member of
the authority shall execute a bond to be conditioned upon the faithful
performance of the duties of such member in such form and amount as may be
prescribed by the State Comptroller.� Such bonds shall be filed in the office
of the Secretary of State.� At all times thereafter the members and treasurer
of the authority shall maintain such bonds in full force and effect.� All costs
of such bonds shall be borne by the authority.
���� h.��� The members of the
authority shall serve without compensation, but the authority shall reimburse
its members for actual expenses necessarily incurred in the discharge of their
duties. Notwithstanding the provisions of any other law, no officer or employee
of the State shall be deemed to have forfeited or shall forfeit
[
his or her
]
the
person�s
office or employment or any benefits or emoluments thereof by
reason of
[
his
or her
]
the person�s
acceptance of the office of ex officio member of the
authority or
[
his
or her
]
the person�s
services therein.
���� i.���� The authority may be
dissolved by act of the Legislature on condition that the authority has no
debts or obligations outstanding or that provision has been made for the
payment or retirement of such debts or obligations.� Upon any such dissolution
of the authority, all property, funds and assets thereof shall be vested in the
State.
���� j.���� A true copy of the
minutes of every meeting of the authority shall be forthwith delivered by and
under the certification of the secretary thereof to the Governor.� No action
taken at such meeting by the authority shall have force or effect until 10
days, Saturdays, Sundays, and public holidays excepted, after a copy of the
minutes shall have been so delivered unless during that 10-day period the
Governor shall approve the same in which case such action shall become
effective upon approval.� If, within the 10-day period, the Governor returns
the copy of the minutes with a veto of any action taken by the authority or any
member thereof at the meeting, that action shall be null and void and of no
effect.� The powers conferred in this subsection upon the Governor shall be
exercised with due regard for the rights of the holders of bonds and notes of
the authority at any time outstanding, and nothing in or done pursuant to this
subsection shall in any way limit, restrict or alter the obligation or powers
of the authority or any representative or officer of the authority to carry out
and perform in every detail each and every covenant, agreement or contract at
any time made or entered into by or on behalf of the authority with respect to
its bonds or notes or for the benefit, protection or security of the holders
thereof.� The Governor may approve all or part of the action taken at such
meeting prior to the expiration of the 10-day period.�
���� k.��� On or before March 31 of
each year, the authority shall make an annual report of its activities for the
preceding calendar year to the Governor and the Legislature.� Each such report
shall set forth a complete operating and financial statement covering the
authority's operations during the year.� The authority shall cause an audit of
its books and accounts to be made at least once in each year by certified
public accountants and cause a copy thereof to be filed with the Secretary of
State and the State Comptroller.
���� 1.��� The State Comptroller
and
[
his
]
the State
Comptroller�s
legally authorized representatives are hereby authorized and
empowered from time to time to examine the accounts, books and records of the
authority, including its receipts, disbursements, contracts, sinking funds,
investments, and any other matters relating thereto and to its financial
standing.
���� m.�� No member, officer,
employee or agent of the authority shall be interested, either directly or
indirectly, in any project or in any contract, sale, purchase, lease or
transfer of real or personal property to which the authority is a party.
(cf: P.L.1996, c.62, s.4)
���� 2.��� This act shall take
effect immediately.
STATEMENT
���� Under current law, 11 members
constitutes a quorum for any action taken by the New Jersey Redevelopment
Authority (authority).� This bill amends the law to provide that a majority of
the voting members of the authority constitutes a quorum.
���� The bill also amends the law
to make technical corrections, including: replacing the term "special
needs districts" with "SDA districts" to reflect the terminology
used in section 3 of the "Educational Facilities Construction and
Financing Act," P.L.2000, c.72 (C.18A:7G-3); and replacing the Department
of Commerce and Economic Affairs with the Department of Community Affairs.�