state_legiscan_drain · NJ
Requires resolution, ordinance, or other formal action authorizing acquisition of real property by eminent domain to state intended public use.
September 17, 2026
Summary
If enacted, this bill would require public entities in New Jersey to adopt a resolution, ordinance, or other formal action specifying the intended public use before initiating an eminent domain acquisition. This affects government agencies and utilities exercising eminent domain power, with limited direct impact on lenders, banks, or financial services firms.
AI-generated summary · Sep 20, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A5520
Common questions
- What does "Requires resolution, ordinance, or other formal action authorizing acquisition of real property by eminent domain to state intended public use." cover?
- If enacted, this bill would require public entities in New Jersey to adopt a resolution, ordinance, or other formal action specifying the intended public…
- When was it published?
- It was published on September 17, 2026.