July 6, 2009
Re: I. Age-Restricted Conversions, S-2577/A-3772
II. Hotel Liquor License Caps, A2896 / S1968
I. Age-Restricted Conversions, S-2577/A-3772
On Thursday, the Governor signed S-2577/A-3772, which allows developers to seek the conversion of certain age-restricted units to market rate units. The act is immediately effective.
If you recall, the Governor conditionally vetoed the legislation, which originally passed both Houses of the Legislature in March. For more on this issue, please see our Dear Mayor letters of May 19 and May 4.
II. Hotel Liquor License Caps, A-2896/S-1968
The Governor also signed A2896 / S1968, which caps bids municipalities may require for certain hotel liquor licenses.
Very truly yours,
William G. Dressel, Jr.