52:27D-46 - Legislative findings - New Jersey Statutes

52:27D-46.  Legislative findings
    The Legislature finds that there exist in many municipalities in this State  blighted areas by reason of hazardous, unsafe, unsanitary, dilapidated or  overcrowded conditions and other conditions constituting a serious and growing  menace, injurious to the health, safety and welfare of the residents of the  State, which conditions are more fully enumerated and specified in section 1 of  chapter 187 of the laws of 1949, as amended by section 1 of chapter 248 of the  laws of 1951.  The Legislature further finds that the widespread character of  blight, the difficulty of eliminating such conditions, the enormous cost  thereof and the limited resources available for this purpose to the  municipalities in which such conditions exist, render it essential that this  State aid and assist such municipalities by making capital grants available to  encourage municipalities to initiate urban renewal programs and to expand  existing urban renewal programs.

     L.1967, c. 80, s. 3, eff. May 31, 1967.