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Can you summarize 3 NJAC Chapter 42?
BANKING > PINELANDS DEVELOPMENT CREDIT BANK
Short Summary
The provided legal document content pertains to the Pinelands Development Credit Bank and its operations. It establishes the rules and procedures for the sale, transfer, conveyance, encumbrance, and use of Pinelands Development Credits authorized and allocated under the Pinelands Comprehensive Management Plan. The document outlines the roles and responsibilities of the Board of Directors and the Executive Director of the bank. It also defines key entities and terms associated with the bank. The document covers the application process for obtaining Pinelands Development Credit Certificates, the redemption of credits, and the maintenance of a registry to track credit transactions. Additionally, it governs the purchase of credits by the Board and the delegation of powers to counties. The document also provides guidelines for amending the rules and procedures. No specific exemptions or penalties are mentioned in the provided legal document content.
Whom does it apply to?
Pinelands Development Credit Bank, Board of Directors, Pinelands Commission, individuals involved in transactions with the bank
What does it govern?
Rules and procedures governing the Pinelands Development Credit Bank
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
New Jersey