13:8B-5 - Release of restrictions; public hearing - New Jersey Statutes

13:8B-5.  Release of restrictions;  public hearing
    A conservation restriction or an historic preservation restriction may be released in whole or in part, by the holder thereof, for such consideration, if  any, as the holder may determine, in the same manner as the holder may dispose  of other interests in land, subject to such conditions as may have been imposed  at the time of creation of the restriction;  provided, however, that prior to  any release, a public hearing shall be held, after notice by publication  thereof at least twice in each of the 3 weeks next preceding the date of such  hearing in a newspaper of general circulation in the municipality or  municipalities in which the land is situated.  The hearing shall be held by the  governmental body holding the restriction, or if held by a charitable  conservancy, by the governing body of the municipality in which the land is  situated.

     L.1979, c. 378, s. 5, eff. Feb. 5, 1980.