Any area in the Regional Growth Area may serve as a receiving area for Pinelands development credits transferred from any eligible location in the Pinelands Area. Residential development using development credits will be allowed in accordance with the provisions of § 110-120A and in accordance with the bulk and area requirements of § 110-129, Schedule of Limitations.

Any municipal variance approval which grants relief from the density or lot area requirements set forth in §§ 110-129 AND 110-120A(1) for the Regional Growth Residential and Commercial Districts shall require that Pinelands development credits be used for all dwelling units or lots in excess of that permitted without the variance.

Any local variance for an approval of a nonresidential development in the Regional Growth Area Residential or Commercial Districts where the use would not otherwise be permitted shall require that Pinelands development credits be used at the maximum rate permitted in the district in which the development is to be located.