The value of any land or other property being acquired in connection with development or redevelopment of a blighted area shall be no less than the value as of the date of the declaration of blight by the governing body upon a report by a planning board.
N.J. Stat. Ann. § 20:3-38
Blighted areas
Known as the Eminent Domain Act
The act spans §§ 20:3-1 to 20:3-9 (51 sections).
L.1971, c. 361, s. 38.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.