Bill
A 5373
Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes.*
2024-2025 Regular Session
Introduced by Dave Bailey and 3 co-sponsors
Distressed municipalities can acquire vacant, abandoned, or tax‑delinquent property by paying fair market value or via eminent domain to accelerate remediation and redevelopment.
Reported out of Assembly Committee with Amendments, 2nd Reading