NJ Pols Vote To Ease Red Tape On Flood-Elevation Projects

Law360, New York (June 24, 2013, 6:30 PM EDT) -- The New Jersey Legislature on Monday gave final approval to bipartisan legislation that could help property owners avoid the time and expense of local development regulations when raising a building to meet flood-elevation standards.

The bill, A3890, would grant certain property owners a limited exemption if rebuilding an existing structure to a “new and appropriate elevation” based on Federal Emergency Management Agency flood maps could mean breaching municipal land use restrictions.

The state Senate on Monday approved the bill in a 40-0 vote, and the state...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.