[Amended 7-13-1988 by Amendment 1]
Final approval shall be granted or denied within the time prescribed by N.J.S.A. 40:55D-50b or as otherwise specified in the Municipal Land Use Law. If the Planning Board approves the final plat, a notation to that effect shall be made on each plat, signed by the Chairperson and Secretary of the Planning Board. Failure of the Planning Board to act within the period prescribed shall constitute final approval in accordance with N.J.S.A. 40:55D-50b.