App.A:9-51.3. Contents of ordinance; exceptions Such ordinance shall designate the specific part or parts of the municipality to which it shall apply and shall further provide that: (a) repairs may be made to any building or structure within the prohibited area if the cost of such repairs will not exceed an amount equal to 40% of the assessed value of the building or structure based at 100% of true value at the time of damage; and (b) repairs may be made to any building or structure to the extent necessary to maintain such building or structure in a safe and sound condition. If such repairs are not possible or feasible, the ordinance shall authorize the demolition of the building or structure. L.1962, c. 44, s. 3.
New Jersey Legal Code