On March 29, 2004, the New Jersey Legislature enacted the State Transfer of Development Rights Act. This legislation made New Jersey the first state in the nation to authorize statewide comprehensive TDR enabling legislation.
The State TDR Act provided municipalities statewide with the ability to participate in both intramunicipal and intermunicipal development potential transfers. This bill also formalized the planning process required to enact TDR and mandated a list of planning documents required prior to adopting a TDR ordinance. To assist municipalities in planning for TDR, the Act also authorized the State TDR Bank Board to provide Planning Assistance Grants.
State TDR Act (N.J.S.A. 40:55D-13.7 et. seq.)
Requirements for TDR Establishment