NJ A4468

Replaces the fixed 6% interest rate and "legal rate" provisions in eminent domain cases with court-determined interest rates set after final compensation determination

Courts may consider multiple factors when setting interest rates, including prevailing commercial interest rates, prime rates, applicable legal rates of interest, and rates that justly indemnify the property owner for loss of use of compensation

Applies to eminent domain proceedings involving multiple state authorities and agencies, including the New Jersey Turnpike Authority, sewerage authorities, county improvement authorities, and the Department of Transportation

Updates gendered language throughout affected statutes from "his/him" to gender-neutral terms like "the person's/the person"

Amends approximately 13 sections of New Jersey statutory law governing eminent domain procedures and compensation requirements