Title 5, Title 5: AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS

5:10-13. Personal liability Neither the members of the authority nor any person executing bonds or notes issued pursuant to this act shall be liable personally on such bonds or notes by reason of the issuance thereof. L.1971, c. 137, s. 13, eff. May 10, 1971.

5:10-14. Reserves, funds or accounts; establishment The authority may establish such reserves, funds or accounts as may be, in its discretion, necessary or desirable to further the accomplishment of the purposes of the authority or to comply with the provisions of any agreement m…

5:10-14.1. Debt service reserve fund; limitation on issuance of bonds; accumulation of moneys; nonliability of state or its political subdivisions a. The authority may create and establish a reserve fund in connection with the issuance of bonds to finance the initial project to b…

5:10-14.2. Right of state to require redemption prior to maturity The State shall have the right, upon furnishing the authority with sufficient funds therefor, to require the authority to redeem, pay or cause to be paid, at or prior to maturity, in whole or in part, any bonds iss…

5:10-14.3 Sports Authority Fund. 12. a. The State Treasurer shall establish a special fund to be known as the "Sports Authority Fund" and shall pay into the fund amounts from the General Fund as shall be necessary to pay the principal and interest on bonds or notes of the authori…

5:10-14.4 Luxury tax revenues. 14. Notwithstanding the provisions of P.L.1947, c.71 (C.40:48-8.15 et seq.), in the event that the convention hall or halls or convention center project, including the site of a convention hall or convention center project to be constructed, located…

5:10-15. Guarantee by state not to limit or alter rights or powers vested in authority The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds or notes issued pursuant to authority of the act that the State will not limit or alter the ri…

5:10-16. Authorization as legal investment or security for public deposits The State and all public officers, governmental units and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, invest…

5:10-17. Lease or conveyance of land by state or governmental subdivision All counties and municipalities and other governmental subdivisions, all authorities, and all public departments, agencies and commissions of the State, notwithstanding any contrary provision of law, are he…

5:10-18 Tax exemption; projects and property of authority; bonds or notes; payments in-lieu-of property taxes. 18. a. All projects and other property of the authority, except an off-track wagering facility or account wagering system facility established pursuant to P.L.2001, c.19…

5:10-19. Annual report; annual audit On or before the last day of February in each year the authority shall make an annual report of its activities for the preceding calendar year to the Governor and to the Legislature. Each such report shall set forth a complete operating and fi…

5:10-2. Declaration of policy The Legislature hereby finds and declares that the general welfare, health and prosperity of the people of the State will be promoted by the holding of athletic contests, horse racing and other spectator sporting events and of trade shows and other e…

5:10-20. Services by state officers, departments, boards, agencies, divisions and commissions All officers, departments, boards, agencies, divisions and commissions of the State are hereby authorized and empowered to render any and all of such services to the authority as may be …

5:10-21.1 Purchases, contracts, or agreements over threshold amount. 1. a. All purchases, contracts, or agreements where the cost or contract price exceeds the sum of $25,000 or, after the effective date of P.L.1999, c.440, the amount determined pursuant to subsection b. of this …

5:10-21.1a. Set-aside contract goals The authority is authorized and directed to establish, prior to initiating any project on or after the effective date of this 1987 amendatory and supplementary act, small business, minority business and women's business set-aside contract goal…

5:10-21.2. Exemptions Any purchase, contract, or agreement, where the cost or contract price exceeds the amount set forth in, or after June 30, 1985, the amount calculated by the Governor pursuant to, section 1 of P.L. 1981, c. 447 (C. 5:10-21.1), may be made, negotiated, or awar…

5:10-21.3. Exemptions; subject matter Any purchase, contract, or agreement may be made, negotiated, or awarded pursuant to section 2 of this act when the subject matter consists of: a. Services which are professional or technical in nature or services which are original and creat…

5:10-21.4 Exemptions; circumstances. 4. Any purchase, contract, or agreement may be made, negotiated, or awarded pursuant to section 2 of P.L.1981, c.447 (C.5:10-21.2) when: a. Standardization of equipment and interchangeability of parts is in the public interest; b. Only one sou…

5:10-21.5. Award without public advertisement; resolution; specification of subject matter or circumstances In any case where the authority shall make, negotiate, or award a purchase, contract, or agreement without public advertisement pursuant to section 2 of this act, the autho…

5:10-21.6. Work by employees of authority Nothing herein shall prevent the authority from having any work done by its own employees. L.1981, c. 447, s. 6, eff. Jan. 9, 1982.

5:10-23 Ecological factors. 23. It is the express intent of the Legislature that the authority in undertaking the meadowlands complex shall consult with the Department of Environmental Protection with respect to the ecological factors constituting the environment of the Hackensac…

5:10-24. Effect on inconsistent acts and rules and regulations adopted thereunder It is the intent of the Legislature that in the event of any conflict or inconsistency in the provisions of the act and any other acts pertaining to matters herein established or provided for or in …

5:10-25. Partial invalidity If any clause, sentence, paragraph, section or part of the act shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to…

5:10-26. Construction of act The act shall be construed liberally to effectuate the legislative intent and the purposes of the act as complete and independent authority for the performance of each and every act and thing herein authorized and all powers herein granted shall be br…

5:10-27. Legislative findings and declarations The Legislature hereby finds and declares that the general welfare of the people of the State will be promoted by the advancement of horse racing facilities in the State; that it is vital to State Government that the revenues derived…

5:10-28. Definitions As used in this act: a. "Additional projects" means the projects and purposes authorized by section 3 of this act. b. "Authority" means the New Jersey Sports and Exposition Authority created by P.L.1971, c. 137 (C. 5:10-1 et seq.). c. "Meadowlands complex" me…

5:10-29. Garden State Racetrack; acquisition, operation, maintenance, repair, reconstruction and improvement; feasibility study; additional projects; approval by legislature The authority is hereby authorized and empowered to acquire, operate, maintain, repair, reconstruct, resto…

5:10-3 Definitions. 3. The following words or terms as used in this act shall have the following meaning unless a different meaning clearly appears from the context: a. "Act" means this New Jersey Sports and Exposition Authority Law. b. "Authority" means the New Jersey Sports and…

5:10-30. Conduct of horse race meetings and parimutuel betting a. The authority is hereby authorized, licensed and empowered to apply to the racing commission for a permit or permits to hold and conduct, as part of the additional projects or any one or more thereof, horse race me…

5:10-31. Application of New Jersey Sports and Exposition Authority Law Except as limited by this act, the authority may exercise with respect to the additional projects authorized under this act all the rights and powers relating to the Meadowlands complex granted to the authorit…

5:10-32. Application of revenues, moneys or other funds derived from operation or ownership of additional projects Revenues, moneys or other funds, if any, derived from the operation or ownership of an additional project or projects, including the conduct of horse race meetings, …

5:10-33. Pledge to and covenant with holders of bonds or notes by state to not limit or alter rights or powers of authority The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds or notes issued pursuant to this act that the State will …

5:10-34. Bonds or notes as legal investments and authorized security for public deposits The State and all public officers, governmental units and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associ…

5:10-35. Tax exemption; property and bonds or notes; payments in-lieu-of-taxes to municipalities a. All additional projects and other property of the authority are hereby declared to be public property devoted to an essential public and governmental function and purpose and shall…

5:10-36. Enforcement of provisions of or rules and regulations under this act over conflicting or inconsistent acts and regulations It is the intent of the Legislature that in the event of any conflict or inconsistency in the provisions of this act and any other acts pertaining t…

5:10-37. Severability If any clause, sentence, paragraph, section or part of this act shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the …

5:10-38. Liberal construction This act shall be construed liberally to effectuate the legislative intent and purposes of this act as a complete and independent authority for the performance of each and every act and thing herein authorized and all powers herein granted shall be b…

5:10-4 "New Jersey Sports and Exposition Authority." 4. a. There is hereby established in the Department of State a public body corporate and politic, with corporate succession, to be known as the "New Jersey Sports and Exposition Authority." The authority is hereby constituted a…

5:10-4.1 New Jersey Sports and Exposition Authority transferred to the Department of State. 1. The New Jersey Sports and Exposition Authority, established as a public body corporate and politic in the Department of Community Affairs pursuant to section 4 of P.L.1971, c.137 (C.5:1…

5:10-5 Powers of authority. 5. Except as otherwise limited by the act, the authority shall have power: a. To sue and be sued; b. To have an official seal and alter the same at pleasure; c. To make and alter bylaws for its organization and internal management and for the conduct o…

5:10-5.1. Annual operating budget submission to State; recordation in minutes 13. In accordance with procedures which shall be established by the State Treasurer and the authority, the proposed annual operating budget of the authority and the capital budgets for all projects of t…

5:10-5.2. Audit contract 15. The State Treasurer, in consultation with the State Auditor and the New Jersey Sports and Exposition Authority, shall enter into a contract with a person qualified to conduct an independent operations and financial audit of the authority and may presc…

5:10-6 Authority projects. 6. a. The authority, pursuant to the provisions of P.L.1971, c.137 (C.5:10-1 et seq.), is hereby authorized and empowered, either alone or in conjunction with others, and provided that, in the case of an arrangement with respect to any of the projects s…

5:10-6.1 Establishment of New Jersey Hall of Fame. 1. a. The New Jersey Sports and Exposition Authority created by P.L.1971, c.137 (C.5:10-1 et seq.) is authorized to establish a New Jersey Hall of Fame as a project either within the Meadowlands complex, or within the State of Ne…

5:10-6.10 Adoption of bylaws. 8. Upon the incorporation of the foundation and the establishment of the first board of trustees, the board shall adopt bylaws setting forth the structure, offices, powers and duties of the foundation, based upon the following guidelines: a. Members …

5:10-6.11 Annual report to Governor, Legislature, public. 9. The foundation shall annually report its findings and recommendations to the Governor, the Legislature, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), and the public. The report shall address the responsibilit…