S3406 — Permits association of planned real estate development to file application with Department of Community Affairs to lower reserve fund obligations based on risk-mitigating features of development.

S3406 — Permits association of planned real estate development to file application with Department of Community Affairs to lower reserve fund obligations based on risk-mitigating features of development. · Informed CitizenryThis bill would modify the process for large, planned real estate developments that seek permits. Currently, these projects may be required to establish substantial reserve funds as a form of finan…Open in Informed Citizenry