A municipality and an institution of higher education may enter into a higher education partnership agreement for the development of a higher education project. The board shall promulgate rules and regulations, modeled after the procedures and protections set forth in the "Redevelopment Area Bond Financing Law," sections 1 through 10 of P.L. 2001, c. 310(C.40A:12A-64 et seq.), within 120 days following the enactment of sections 47 through 49 of P.L. 2009, c. 90(C.18A:72A-81 et seq.) in order to effectuate the purposes of this section.
N.J.S. § 18A:72A-83