NJ Assembly Clears Bill Extending Development Permits

Law360, New York (June 26, 2012, 3:43 PM EDT) -- The New Jersey Assembly approved a bill Monday to extend the life of project permits, allowing builders biding their time in a tough economy to sidestep newer environmental laws and construction codes and avoid the expense of reapplying for permits when projects pick up.

The permit extension act, the third such permit continuation in as many years, allows project approvals first frozen in 2007 to remain valid until 2014.

Supporters tout the measure as a way to salvage development projects that have stalled for lack of...
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