On Wednesday, Governor Murphy signed into law legislation (A-4602) extending the deadline for municipalities to report non-residential development fee information.
This comes after the adoption of legislation overhauling the state’s affordable housing policy, which includes various deadlines for different reporting requirements imposed on municipalities. One reporting requirement is for any municipality that is or has been authorized to retain and expend non-residential development fees to provide the Department of Community Affairs (DCA) with a detailed accounting of all such fees that have been collected and expended since the inception of the municipal authorization to collect those fees.
Prior to the signing of A-4602, municipalities were required to provide their first accounting to the DCA by June 18, 2024, then by February 15 of each year thereafter. Under the new law municipalities now have until September 16, 2024, to provide their first accounting. The law applies retroactively to the enforceability of penalties for noncompliance.
Contact: Frank Marshall, Esq., Associate General Counsel, fmarshall@njlm.org, 609-695-3481, x137.