§ 3843 - Housing projects for low and moderate income occupants
§ 3843. Housing projects for low and moderate income occupants
A municipality may vote at any regular or special meeting to exempt, in full or in part, for a term not to exceed 40 years, a federally subsidized low or moderate income housing project from education property tax if federal assistance would not be available in the absence of such an exemption. (Added 1969, No. 268 (Adj. Sess.), § 1, eff. April 8, 1970; amended 2007, No. 190 (Adj. Sess.), § 6, eff. June 6, 2008.)