Authorizes conversion of certain office parks and retail centers to mixed-use developments.

S1766 3R

[Third Reprint]

SENATE, No. 1766

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Senator TROY SINGLETON

District 7 (Burlington)

Senator BENJIE E. WIMBERLY

District 35 (Bergen and Passaic)

Co-Sponsored by:

Senators Zwicker, Mukherji and Timberlake

SYNOPSIS

���� Authorizes conversion of certain office parks and
retail centers to mixed-use developments.

CURRENT VERSION OF TEXT

���� As amended by the Senate on June 18, 2026.

��

An Act

concerning the conversion of certain office parks and retail centers to
mixed-use developments
3
[
and
]

,
3
supplementing
chapter 55D of Title 40 of the Revised Statutes
3
, and amending P.L.1991,
c.431
3
.

����
Be It Enacted

by the Senate and General Assembly of the State of New Jersey:

���� 1.��� The Legislature finds
and declares:

���� a.��� New Jersey is one of the
most suburban states in the country.

���� b.��� The rapid
suburban-sprawl development of New Jersey after World War II coincided with a
shift toward highway construction and automobile dependency and led to the
proliferation of single-use commercial buildings such as large retail centers
and office parks.

���� c.��� While, for decades,
large retail centers and office parks provided economic and social benefits to
New Jersey and its residents, their prevalence has been in sharp decline based
on economic influences, consumer preferences, and retail and business alternatives.�
Many of these declining large retail centers and office parks are dated or
vacant, such that academics and planners have deemed them to be "stranded
assets."

���� d.��� Workers and employers
want to be located in mixed-use communities, which offer easy access to a range
of residential, commercial, and recreational spaces and amenities within
walking distance of each other.� Converting stranded office parks and retail centers
into desirable mixed-use communities would promote the general welfare by
revitalizing underused or underperforming properties, creating new
opportunities for housing, businesses, and recreational facilities, and
bolstering the economic and social vitality of New Jersey�s municipalities.�

���� e.��� One significant
impediment to converting stranded retail centers and office parks into dynamic
mixed-use communities is the application of outdated, rigid municipal zoning
regulations that often separate residential and commercial uses from each
other.

���� f.���� To encourage the
development of vibrant and desirable mixed-use communities, further to the
public good, it is appropriate for the Legislature to set standards to
modernize local land use regulations that stand in the way of the repurposing
and redevelopment of stranded retail centers and office parks.

���� 2.��� a. �As used in this
section:

���� "Eligible property"
means an office park or a retail center that meets the requirements of
subsection c. of this section.

���� "Developer" shall
have the same meaning as defined in section 34 of P.L.2008, c.46
(C.40:55D-8.3).

���� "Mixed-use
development" shall have the same meaning as defined in section 34 of
P.L.2008, c.46 (C.40:55D-8.3).

�������
1
"Mixed-use
zone" means any zone, district, or overlay within the municipality that
permits a mix of residential and commercial uses, including retail and offices.
1

���� "Office park" means
a non-residential land use developed as a single entity combining general,
business, professional, or medical offices that contain ancillary personal
services primarily for employees located on a single site
1
, or
located on one or more contiguous tax lots,
1
and
planned, developed, and managed as a unit.

���� "Retail center"
means a non-residential land use developed as a single entity combining retail
stores and potentially other commercial uses located on a single site
1
, or
located on one or more contiguous tax lots,
1
and
planned, developed, and managed as a unit.

���� "Vacancy rate" means
the percentage of unoccupied or unused square footage in a structure or
facility, compared to the total square footage of the structure or facility.

���� b.��� A municipal
3
[
planning
]

land use
3
board
3
or
the appropriate municipal land use approval authority
3

enforcing municipal zoning regulations shall permit conversions or partial
conversions of eligible properties into mixed-use developments pursuant to the
provisions of P.L. , c.
(C. ) (pending before the Legislature
as this bill).

���� c.��� A developer of a
proposed project to repurpose or redevelop a retail center or office park into
a mixed-use development in accordance with the provisions of
P.L. , c.
(C. ) (pending before the Legislature
as this bill) shall demonstrate that the retail center or office park located
on the lot or land included in the application for development meets the
following requirements to be deemed an eligible property:

���� (1)� the office park is at
least 50,000 square feet or the retail center
3
[
is
]

contains, or previously
contained, a single unit of retail space of
3
at least 15,000 square
feet;

���� (2)� (a) the office park or
retail center has a vacancy rate of at least 25 percent for a continuous period
of at least 18 months immediately preceding the application for development; or

���� (b)� the office park or retail
center has suffered an economic downturn over the three-year period immediately
preceding the date of the application, as demonstrated by evidence of a
quantifiable loss in revenue such that the developer�s expenses for the premises
have exceeded revenues by 30 percent or more each year; and

���� (3)� the owner of the property
has made and maintained a continuous, good faith effort to redress the vacancy,
actively rent, or actively market the property during the 18 months immediately
preceding the application for development.

���� d.��� A mixed-use development
that is the subject of an application for development to convert an eligible
property shall be a permitted use and shall not require a use variance pursuant
to subsection d. of section 57 of P.L.1975, c.291 (C.40:55D-70) if the application
for development complies with the following requirements:

���� (1)� the mixed-use
development, which may include the demolition of existing structures
3
in
accordance with the State Uniform Construction Code�s demolition permit
requirements
3
,
complies with the zoning requirements applicable to development projects within
the municipality�s mixed-use zone as provided in subsection e. of this section;

���� (2)� the application proposes
to develop at least two types of uses as part of the mixed-use development, of
which one use is residential, and no use shall be industrial;

���� (3)� at least 20 percent of
the residential units to be constructed shall be reserved as or very-low income
housing, low-income housing, or moderate-income housing, as those terms are
defined in section 4 of P.L.1985, c.222 (C.52:27D-304);

���� (4)� of the residential units
reserved as very low-income housing, low-income housing, or moderate-income
housing, at least 50 percent within each bedroom distribution are low-income
units, and at least 13 percent of the low-income units are very-low income units;
and

���� (5)� the residential units
reserved as very low-income housing, low-income housing, or moderate-income
housing comply with the Uniform Housing Affordability Controls, adopted to
implement P.L.1985, c.222 (C.52:27D-301 et seq.).

���� e.��� (1) �The municipal
3
[
planning
]

land use
3
board
3
or
the appropriate municipal land use approval authority
3
shall
approve an application to repurpose or redevelop an eligible property into a
mixed-use development notwithstanding the eligible property�s location in the
municipality if the project complies with the zoning requirements applicable to
projects within the municipality�s mixed-use zone. �If the municipality has
multiple mixed-use zones in its zoning ordinance, the municipality shall
designate which of its mixed-use zones� regulations shall apply to mixed-use
developments that meet the requirements of P.L. ,
c. (C. ) (pending
before the Legislature as this bill).
1
This
subsection shall only apply to mixed-use zoning ordinances adopted prior to the
enactment of P.L. , c.
(C. ) (pending before the Legislature
as this bill). �The Department of Community Affairs shall develop Statewide
baseline density and bulk standards that shall apply to municipalities with one
or more current mixed-use zones if the department determines that the
municipality�s mixed-use regulations unreasonably constrain the feasible
redevelopment of an eligible property.
1

���� (2)�
1
The
Department of Community Affairs shall develop Statewide baseline density and
bulk standards that shall apply to municipalities without a current mixed-use
zone.
1

�If the municipality�s zoning ordinance does not include a mixed-use zone, a
mixed-use development that meets the requirements of
P.L. , c. (C. )
(pending before the Legislature as this bill) shall be subject to the following
requirements:

���� (a)�� the height limitation
of the mixed-use development shall be the greater of the height of the tallest
existing building at the eligible property and the most permissive building
height allowed by the municipal zoning ordinance within the zoning district in
which the eligible property is located;

���� (b)� the setback limitations
applicable to the mixed-used development shall be the lesser of the setbacks of
the existing buildings on the eligible property and the least restrictive
setback limitations allowed by the municipal zoning ordinance within the zoning
district in which the eligible property is located; and

���� (c)�� the maximum impervious
coverage for the mixed-use development shall not be less than the greater of
125 percent of the existing impervious coverage on the eligible property, or
the maximum impervious coverage allowed by municipal ordinance within the zoning
district in which the eligible property is located.

�������
1
(3) The
municipal

3
[
planning
]

land use
3

board

3
or
the appropriate municipal land use approval authority
3

shall
not approve an application to repurpose or redevelop an eligible property into
a mixed-use development pursuant to this subsection if the project would cause
a residential development to be located:

����
(a)�� on a site with
unresolved or unremediated contamination that poses a risk to residential use,
including, but not limited to, sites listed on the National Priorities List
pursuant to the federal "Comprehensive Environmental Response,
Compensation, and Liability Act of 1980," 42 U.S.C.

3
[
s.9605
]

s.9601 et
seq.,
3

or a brownfield site designated by the Department of Environmental
Protection; or

����
(b)� on a site where there
is a clear and direct incompatibility with adjacent high-impact uses,
consistent with Department of Environmental Protection regulations, unless
appropriate mitigation measures are demonstrated as part of the application for
development.
1

����
3
(4) A
municipal land use board or the appropriate municipal land use approval
authority shall approve an application to repurpose or redevelop an eligible
property designated under a municipal historic preservation ordinance or listed
on the New Jersey or National Register of Historic Places only after review by
the appropriate historical preservation commission established pursuant to
section 21 of P.L.1985, c.516 (C.40:55D-107).
3

���� f.���� Nothing herein shall
limit or prohibit an applicant seeking to repurpose or redevelop an eligible
property into a mixed-use development from requesting or receiving variances
pursuant to section 57 of P.L.1975, c.291 (C.40:55D-70).

����
2
g.�� If
a municipal

3
[
planning
]

land use
3

board

3
or
the appropriate municipal land use approval authority
3

enforcing
municipal zoning regulations permits a conversion or partial conversion of an
eligible property into a mixed-use development, such projects involving
commercial and non-residential structures shall be subject to
"The Planned Real Estate Development Full Disclosure Act," P.L.1977,
c.419 (C.45:22A-21 et seq.).

����
h.��� (1)� In the case of
any conversion permitted pursuant to
P.L. , c. (C. )
(pending before the Legislature as this bill), an engineering survey shall be
required, which shall include mechanical, electrical and engineering reports,
including a structural report consistent with the requirements of section 3 of
P.L.2023, c.214 (C.52:27D-132.4) to disclose the condition of the
building.

����
(2)� An engineering study
required pursuant to this subsection shall be conducted, and the results
thereof certified, by a person licensed in this State as a professional
engineer.

����
(3)
�
3
[
The
professional engineer who prepares the survey shall certify to the Division of
Housing and Community Resources in the Department of Community Affairs whether,
in the engineer�s judgment, the building is in compliance with the code
standards adopted under the "Hotel and Multiple Dwelling Law,"
P.L.1967, c.76 (C.55:13A-1 et seq.) and the "Uniform Fire Safety
Act," P.L.1983, c.383 (C.52:27D-192 et seq.) and shall list all
outstanding violations then existing in accordance with the engineer�s
observation and judgment, as well as defects in the structure requiring
maintenance, repair, or replacement, which may not be disclaimed by the
developer. The engineer shall be immune from tort liability except with
regard to gross or willful negligence.

����
(4)
]
3
�
With
respect to a planned real estate development that includes a conversion, a copy
of the engineering survey required pursuant to this subsection shall be
disclosed within the public offering statement provided pursuant to section 8
of P.L.1977, c.419 (C.45:22A-28).

����
(i)�� A developer shall
provide a fair and reasonable warranty, in conformance with

3
regulatory
3

standards
promulgated by the Department of Community Affairs,

3
and
in addition to the provisions of "The New Home Warranty and Builders'
Registration Act," P.L.1977, c.467 (C.46:3B-1),
3

for
newly constructed improvements and for any pre-existing building systems,
components, or structural elements materially altered, rehabilitated, repaired,
replaced, or reconstructed by the developer as part of a conversion project; provided,
however, that such warranty shall not extend to building systems, components,
or structural elements that were not materially modified as part of the
conversion project.
2

����
3
[
3. A project
undertaken pursuant to section 2 of P.L. , c. (C. )
(pending before the Legislature as this bill) shall be eligible for long term
tax exemption pursuant to the "Long Term Tax Exemption Law," P.L.1991
(C.40A:20-1 et seq.) and shall be deemed an "area in need of redevelopment"
or an "area in need of rehabilitation" without consideration of the
requirements of the "Local Redevelopment and Housing Law," P.L.1991,
c.431 (C.40A:12A-1 et seq.).
]
3

����
3
3.�� Section
3 of P.L.1991, c.431 (C.40A:20-3) is amended to read as follows:

���� 3.��� As used in P.L.1991,
c.431 (C.40A:20-1 et seq.):

���� a.��� "Gross
revenue" means annual gross revenue or gross shelter rent or annual gross
rents, as appropriate, and other income, for each urban renewal entity
designated pursuant to P.L.1991, c.431 (C.40A:20-1 et seq.).� The financial
agreement shall establish the method of computing gross revenue for the entity,
and the method of determining insurance, operating and maintenance expenses
paid by a tenant which are ordinarily paid by a landlord, which shall be
included in the gross revenue; provided, however, that any federal funds
received, whether directly or in the form of rental subsidies paid to tenants,
by a nonprofit corporation that is the sponsor of a qualified subsidized
housing project, shall not be included in the gross revenue of the project for
purposes of computing the annual services charge for municipal services
supplied to the project; and provided further that any gain realized by the
urban renewal entity on the sale of any unit in fee simple, whether or not
taxable under federal or State law, shall not be included in computing gross
revenue.

���� b.��� "Limited-dividend
entity" means an urban renewal entity incorporated pursuant to Title 14A
of the New Jersey Statutes, or established pursuant to Title 42 of the Revised
Statutes, for which the profits and the entity are limited as follows.� The
allowable net profits of the entity shall be determined by applying the
allowable profit rate to each total project unit cost, if the project is
undertaken in units, or the total project cost, if the project is not
undertaken in units, and all capital costs, determined in accordance with
generally accepted accounting principles, of any other entity whose revenue is
included in the computation of excess profits, for the period commencing on the
date on which the construction of the unit or project is completed, and
terminating at the close of the fiscal year of the entity preceding the date on
which the computation is made, where:�

���� "Allowable profit
rate" means the greater of 12% or the percentage per annum arrived at by
adding 1 1/4% to the annual interest percentage rate payable on the entity's
initial permanent mortgage financing.� If the initial permanent mortgage is insured
or guaranteed by a governmental agency, the mortgage insurance premium or
similar charge, if payable on a per annum basis, shall be considered as
interest for this purpose.� If there is no permanent mortgage financing the
allowable profit rate shall be the greater of 12% or the percentage per annum
arrived at by adding 1 1/4% per annum to the interest rate per annum which the
municipality determines to be the prevailing rate on mortgage financing on
comparable improvements in the county.�

���� c.��� "Net profit"
means the gross revenues of the urban renewal entity less all operating and
non-operating expenses of the entity, all determined in accordance with
generally accepted accounting principles, but:�

���� (1)� there shall be included
in expenses: (a) all annual service charges paid pursuant to section 12 of
P.L.1991, c.431 (C.40A:20-12); (b) all payments to the municipality of excess
profits pursuant to section 15 or 16 of P.L.1991, c.431 (C.40A:20-15 or 40A:20-16);
(c) an annual amount sufficient to amortize the total project cost and all
capital costs determined in accordance with generally accepted accounting
principles, of any other entity whose revenue is included in the computation of
excess profits, over the term of the abatement as set forth in the financial
agreement; (d) all reasonable annual operating expenses of the urban renewal
entity and any other entity whose revenue is included in the computation of
excess profits, including the cost of all management fees, brokerage
commissions, insurance premiums, all taxes or service charges paid, legal,
accounting, or other professional service fees, utilities, building maintenance
costs, building and office supplies, and payments into repair or maintenance reserve
accounts; (e) all payments of rent including, but not limited to, ground rent
by the urban renewal entity; (f) all debt service;

���� (2)� there shall not be
included in expenses either depreciation or obsolescence, interest on debt,
except interest which is part of debt service, income taxes, or salaries,
bonuses or other compensation paid, directly or indirectly to directors,
officers and stockholders of the entity, or officers, partners or other persons
holding any proprietary ownership interest in the entity.

���� The urban renewal entity shall
provide to the municipality an annual audited statement which clearly
identifies the calculation of net profit for the urban renewal entity during
the previous year.� The annual audited statement shall be prepared by a certified
public accountant and shall be submitted to the municipality within 90 days of
the close of the fiscal year.

���� d.��� "Nonprofit
entity" means an urban renewal entity incorporated pursuant to Title 15A
of the New Jersey Statutes for which no part of its net profits inures to the
benefit of its members.

���� e.��� "Project"
means
:

����
(1)
any work or
undertaking pursuant to a redevelopment plan adopted pursuant to the
"Local Redevelopment and Housing Law," P.L.1992, c.79 (C.40A:12A-1 et
al.), which has as its purpose the redevelopment of all or any part of a
redevelopment area including any industrial, commercial, residential or other
use, and may include any buildings, land, including demolition, clearance or
removal of buildings from land, equipment, facilities, or other real or
personal properties which are necessary, convenient, or desirable
appurtenances, such as, but not limited to, streets, sewers, utilities, parks,
site preparation, landscaping, and administrative, community, health,
recreational, educational and welfare facilities, and zero-emission vehicle
fueling and charging infrastructure
; or

����
(2)� a mixed-use
development undertaken pursuant to section 2 of P.L.��� , c.��� (C.������� )
(pending before the Legislature as this bill) provided that the financial
agreement complies with sections 9 through 12 of P.L.1991, c.431 (C.40A:20-9
through C.40A:20-12)
.

���� f.���� "Redevelopment
area" means an area determined to be in need of redevelopment and for
which a redevelopment plan has been adopted by a municipality pursuant to the
"Local Redevelopment and Housing Law," P.L.1992, c.79 (C.40A:12A-1 et
al.).�

���� g.��� "Urban renewal
entity" means a limited-dividend entity, the New Jersey Economic
Development Authority or a nonprofit entity which enters into a financial
agreement pursuant to P.L.1991, c.431 (C.40A:20-1 et seq.) with a municipality
to undertake a project pursuant to a redevelopment plan for the redevelopment
of all or any part of a redevelopment area, or a project necessary, useful, or
convenient for the relocation of residents displaced or to be displaced by the
redevelopment of all or any part of one or more redevelopment areas, or a low
and moderate income housing project.

���� h.��� "Total project unit
cost" or "total project cost" means the aggregate of the
following items as related to a unit of a project, if the project is undertaken
in units, or to the total project, if the project is not undertaken in units,
all of which as limited by, and approved as part of the financial agreement:
(1) cost of the land and improvements to the entity, whether acquired from a
private or a public owner, with cost in the case of leasehold interests to be
computed by capitalizing the aggregate rental at a rate provided in the
financial agreement; (2) architect, engineer and attorney fees, paid or payable
by the entity in connection with the planning, construction and financing of
the project; (3) surveying and testing charges in connection therewith; (4)
actual construction costs which the entity shall cause to be certified and
verified to the municipality and the municipal governing body by an independent
and qualified architect, including the cost of any preparation of the site
undertaken at the entity's expense; (5) insurance, interest and finance costs
during construction; (6) costs of obtaining initial permanent financing; (7)
commissions and other expenses paid or payable in connection with initial
leasing; (8) real estate taxes and assessments during the construction period;
(9) a developer's overhead based on a percentage of actual construction costs,
to be computed at not more than the following schedule:

����������� $500,000 or less� -���������������������������� 10%

����������� $500,000 through
$1,000,000���� -��� $50,000 plus 8% on excess above $500,000

����������� $1,000,001 through
$2,000,000�� -�� $90,000 plus 7% on excess above $1,000,000

����������� $2,000,001 through
$3,500,000�� - � $160,000 plus 5.6667% on excess above $2,000,000

����������� $3,500,001 through
$5,500,000�� -�� $245,000 plus 4.25% on excess above $3,500,000

����������� $5,500,001 through
$10,000,000� -� $330,000 plus 3.7778% on excess above $5,500,000

����������� over $10,000,000��� - ����������� 5%

���� If the project includes units
in fee simple, with respect to those units, "total project cost"
shall mean the sales price of the individual housing unit which shall be the
most recent true consideration paid for a deed to the unit in fee simple in a
bona fide arm's length sales transaction, but not less than the assessed
valuation of the unit in fee simple assessed at 100 percent of true value.

���� If the financial agreement so
provides, there shall be excluded from the total project cost: (1) actual costs
incurred by the entity and certified to the municipality by an independent and
qualified architect or engineer which are associated with site remediation and
cleanup of environmentally hazardous materials or contaminants in accordance
with State or federal law; and (2) any extraordinary costs incurred by the
entity and certified to the chief financial officer of the municipality by an
independent certified public accountant in order to alleviate blight conditions
within the area in need of redevelopment including, but not limited to, the
cost of demolishing structures considered by the entity to be an impediment to
the proposed redevelopment of the property, costs associated with the
relocation or removal of public utility facilities as defined pursuant to
section 10 of P.L.1992, c.79 (C.40A:12A-10) considered necessary in order to
implement the redevelopment plan, costs associated with the relocation of
residents or businesses displaced or to be displaced by the proposed
redevelopment, and the clearing of title to properties within the area in need
of redevelopment in order to facilitate redevelopment.

���� i.���� "Housing
project" means any work or undertaking to provide decent, safe, and
sanitary dwellings for families in need of housing; the undertaking may include
any buildings, land (including demolition, clearance or removal of buildings
from land), equipment, facilities, or other real or personal properties or
interests therein which are necessary, convenient or desirable appurtenances of
the undertaking, such as, but not limited to, streets, sewers, water,
utilities, parks; site preparation; landscaping, and administrative, community,
health, recreational, educational, welfare, commercial, or other facilities, or
to provide any part or combination of the foregoing.

���� j.���� "Redevelopment
relocation housing project" means a housing project which is necessary,
useful or convenient for the relocation of residents displaced by redevelopment
of all or any part of one or more redevelopment areas.

���� k.��� "Low and moderate
income housing project" means a housing project which is occupied, or is
to be occupied, exclusively by households whose incomes do not exceed income
limitations established pursuant to any State or federal housing program.

���� l.���� "Qualified
subsidized housing project" means a low and moderate income housing
project owned by a nonprofit corporation organized under the provisions of
Title 15A of the New Jersey Statutes for the purpose of developing,
constructing and operating rental housing for senior citizens under section 202
of Pub.L. 86-372 (12 U.S.C. s.1701q) or rental housing for persons with
disabilities under section 811 of Pub.L. 101-625 (42 U.S.C. s.8013), or under
any other federal program that the Commissioner of Community Affairs by rule
may determine to be of a similar nature and purpose.

���� m.�� "Debt service"
means the amount required to make annual payments of principal and interest or
the equivalent thereof on any construction mortgage, permanent mortgage or
other financing including returns on institutional equity financing and market
rate related party debt for a project for a period equal to the term of the tax
exemption granted by a financial agreement.

���� n.��� "Zero-emission
vehicle" means a vehicle certified as a zero emission vehicle pursuant to
the California Air Resources Board zero emission vehicle standards for the
applicable model year, including but not limited to, battery electric-powered
vehicles and hydrogen fuel cell vehicles.

���� o.��� "Zero-emission
vehicle fueling and charging infrastructure" means infrastructure to
charge or fuel zero-emission vehicles, including but not limited to, public
electric vehicle charging stations and public hydrogen fueling stations.
3

(cf: P.L.2021, c.168, s.4)

���� 4.��� The provisions of P.L.���
, c.��� (C.������� ) (pending before the Legislature as this bill) shall not
prohibit or limit an applicant�s ability to apply and qualify for tax
incentives, financing, or grants in order to supplement investments for
projects undertaken pursuant to P.L.��� , c.��� (C.������� ) (pending before
the Legislature as this bill).� Notwithstanding this provision, project
eligibility for tax incentives, financing, or grants, or any other award, shall
be determined by the respective awarding entity.

���� 5.���
3
a.
3
� A
development project and any municipal action undertaken pursuant to
P.L. , c.
(C. ) (pending before the Legislature
as this bill) shall be in compliance with the "Municipal Land Use
Law," P.L.1975, c.291 (C.40:55D-1 et seq.) and all other applicable
municipal zoning ordinance requirements that do not conflict with the
requirements of P.L. , c.
(C. ) (pending before the Legislature
as this bill).

����
3
b.�� All
construction undertaken pursuant to P.L. ,
c. (C. ) (pending
before the Legislature as this bill) shall comply with the "State� Uniform
Construction Code Act," P.L.1975, c.217 (C.52:27D-119 et seq.), and all
regulations promulgated thereunder.
3

����� 1
6.�� The
Commissioner of Community Affairs shall adopt rules and regulations in
accordance with the "Administrative Procedure Act," P.L.1968, c.410
(C.52:14B-1 et seq.), necessary to effectuate the provisions of subsection e.
of section 2 of P.L.��� , c.��� (C.������� ) (pending before the Legislature as
this bill).
1

�������
1
[
6.
]

7.
1
���� This
act shall take effect
3
[
immediately
]

on the
first day of the 13th month next following enactment, except that:

����
a.��� the commissioner
shall propose rules within 180 days, and adopt rules within 365 days, of
enactment and may take any other anticipatory administrative action in advance
as shall be necessary for the implementation of this act;

����
b.��� the provisions of
subsections a. and d. of section 2 of this act shall take effect immediately;
and

����
c.��� the provisions of
subsection e. of section 2 of this act shall take effect on the first day of
the seventh month following enactment
3
.