Title 52, Title 52: STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

52:18A-57. Quorum The powers of the Authority shall be vested in the members in office from time to time and shall be exercised by them without regard or reference to any officer or agency of the State, except as otherwise expressly provided in this act. Two members of the Author…

52:18A-58. Officers The Governor shall designate one of the members of the Authority as chairman thereof and another member as vice-chairman thereof. The chairman and vice-chairman of the Authority so designated shall serve as such at the pleasure of the Governor and until their …

52:18A-59. General powers The Authority shall have power: a. to sue and be sued in its own name; b. to adopt a seal and alter the same at pleasure; c. to adopt by-laws for the regulation of its affairs and the conduct of its business; d. to maintain an office or offices at such p…

52:18A-6. State Commissioner of Taxation and Finance, powers and duties of transferred The functions, powers and duties heretofore vested in, and exercised or performed by the State Commissioner of Taxation and Finance, through the Bureau of the Budget of the Division of Budget a…

52:18A-6.1. Director of Division of Budget and Accounting, powers and duties of The Director of the Division of Budget and Accounting in the Department of the Treasury shall succeed to and shall exercise and perform those functions, powers and duties of the Commissioner of Taxati…

52:18A-6.2. Reference to "Commissioner of Taxation and Finance" deemed reference to Director of Division of Budget and Accounting Whenever the term "Commissioner of Taxation and Finance" occurs or any reference is made thereto in any of the statutes enumerated in section one here…

52:18A-60. Additional powers The Authority shall have power in particular: a. to acquire, construct, maintain, equip, furnish, repair and operate a project or projects; b. to lease any project or part thereof, to contract for the use of any space in any project and to contract fo…

52:18A-61. Power of state departments, agencies and instrumentalities to contract with the Authority Any department or agency and any instrumentality of the State by proper resolution or act, or acting by or through its director or other chief executive officer, may enter into an…

52:18A-62. Power of counties and municipalities to convey or lease real property Notwithstanding the restrictions of any other laws, any county by county resolution, and any municipality by municipal ordinance, may, with or without consideration, convey or lease or contract to co…

52:18A-65. Condemnation Upon the exercise by the Authority of the power of eminent domain pursuant to paragraph h of section ten of this act, the compensation to be paid thereunder shall be ascertained and paid in the manner provided in chapter one of Title 20 of the Revised Stat…

52:18A-66. Bonds (a) The Authority shall have the power is hereby authorized from time to time to issue its negotiable bonds for any of its corporate purposes and, whenever it deems refunding expedient to refund any bonds issued by it by the issuance of refunding bonds, whether t…

52:18A-67. Remedies and statutory trustees (a) The provisions of this section shall be applicable to an issue of bonds authorized or issued by the Authority only if the resolution of the Authority authorizing or providing for the issuance of such bonds shall provide in substance …

52:18A-68. Credit of State and political subdivisions not pledged Bonds under the provisions of this act shall not be deemed to constitute a debt or liability of the State or of any political subdivision thereof or a pledge of the faith and credit of the State or of any such poli…

52:18A-69. Agreement of State The State of New Jersey does pledge to and agree with the holders of the bonds issued pursuant to authority contained in this act, that the State will not limit or restrict the rights hereby vested in the Authority to maintain, construct, reconstruct…

52:18A-7 Former Office of State Comptroller abolished; accounting and financial management to Division of Budget and Accounting. 7. The office of State Comptroller, also designated and referred to as "Comptroller of the Treasury," as continued and transferred to and constituted a…

52:18A-70. Exemption from taxation The exercise of the powers granted by this act will be in all respects for the benefit of the people of the State, and as the operation and maintenance of projects by the Authority will constitute the performance of a governmental function, the …

52:18A-71. Bonds eligible for investment Bonds issued by the Authority under the provisions of this act are hereby made securities in which the State and all political subdivisions of this State, their officers, boards, commissions, departments or other agencies, all banks, banke…

52:18A-72. Annual report On or before the twenty-eighth 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 the Legislature. Each such report shall set forth a complete operating and financi…

52:18A-73. Interested members, agents or employees Any member, agent or employee of the Authority who is interested, either directly or indirectly, in any contract of another with the Authority, or in the sale of any property, either real or personal, to the Authority, shall be g…

52:18A-74. Additional method The foregoing sections of this act shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be…

52:18A-75. Act liberally construed This act, being necessary for the welfare of the State and its inhabitants, shall be liberally construed to effect the purposes thereof. L.1950, c. 255, p. 894, s. 26.

52:18A-76. Severability If any provision of this act or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of the act which can be given effect without the invalid provisions or application and …

52:18A-77. Inconsistent laws inapplicable The powers granted to the Authority by this act may be exercised without regard or reference to any department or agency of the State. All other general or special laws, or parts thereof, inconsistent with this act are hereby declared to …

52:18A-78. Short title This act shall be known as, and may be cited as, the "State Building Authority Act of 1950." L.1950, c. 255, p. 894, s. 29. Amended by L.1952, c. 224, p. 764, s. 9.

52:18A-78.1. Short title This act shall be known and may be cited as the "New Jersey Building Authority Act." L.1981, c. 120, s. 1, eff. April 16, 1981.

52:18A-78.10. Municipalities; limitations on powers; provision of services; contractual agreements with local governmental agencies a. No municipality shall modify or change the drawings, plans or specifications for the construction, reconstruction, rehabilitation, alteration or …

52:18A-78.11 Adoption of standing rules, procedures for contracts by authority. 11. a. The authority, in the exercise of its authority to make and enter into contracts and agreements necessary or incidental to the performance of its duties and the execution of its powers, shall a…

52:18A-78.11d. Supervision by chairman 1. Notwithstanding any provision of section 11 or any other provision of the act to which this act is a supplement to the contrary, the authority may delegate, by resolution, the supervision of the construction, reconstruction, rehabilitatio…

52:18A-78.11e. Employees; assistance. With respect to such a project, the chairman may employ such employees, advisors, consultants or agents and call upon the technical and administrative assistance of other State agencies to the extent and in the manner provided to the authorit…

52:18A-78.11f. General Services Administration authority 3. a. The authority may delegate to an appropriate State agency within the General Services Administration the authority to undertake a project the aggregate amount of which, including labor and construction materials, is g…

52:18A-78.12. Relocation of public highways or roads; entry on lands for surveys or examinations; relocation or removal of public utility facilities a. If the authority shall find it necessary in connection with the undertaking of any of its projects to change the location of any…

52:18A-78.13. Eminent domain a. The authority may exercise the power of eminent domain in the manner provided in the "Eminent Domain Act of 1971," P.L.1971, c. 361 (C. 20:3-1 et seq.). b. The authority may take possession of any property with respect to which it institutes an emi…

52:18A-78.14. Issuance of bonds, notes 14. a. The authority may from time to time issue its bonds or notes in such principal amounts as in the opinion of the authority shall be necessary to provide sufficient funds for any of its corporate purposes, including the payment, funding…

52:18A-78.15. Covenants and contracts with holders of bonds and notes In any resolution of the authority authorizing or relating to the issuance of any bonds or notes, the authority, in order to secure the payment of the bonds or notes and in addition to its other powers, shall h…

52:18A-78.16. Pledge of revenue and assets; validity; lien Any pledge of revenues, receipts, moneys, funds, levies, sales agreements, service contracts or other property or instruments made by the authority shall be valid and binding from the time when the pledge is made. The rev…

52:18A-78.17 No personal liability. 17. Neither the directors of the authority nor any person executing bonds or notes issued pursuant to this act shall be liable personally on the bonds or notes by reason of the issuance thereof. L.1981,c.120,s.17.

52:18A-78.18. 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 agreeme…

52:18A-78.19. Pledge and covenant not to alter rights and powers 19. The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds or notes issued pursuant to authorization of the act that the State will not limit or alter the rights or powers…

52:18A-78.2. Definitions 2. As used in this act, unless the context clearly indicates otherwise: a. "Authority" means the New Jersey Building Authority created under this act. b. "Bonds" means bonds issued by the authority pursuant to this act. c. "Building" includes any portion …

52:18A-78.20. Bonds or notes as legal investment 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, investment companies, and other …

52:18A-78.21. Lease of real property by state or local government agency to authority All State agencies and all local governmental agencies, notwithstanding any contrary provision of law, may lease, lend, grant or convey to the authority at its request upon such terms and condit…

52:18A-78.22. Agreements between State agencies and authority 22. All State agencies may purchase, lease, rent, sublease or otherwise acquire any project or any space embraced in any project and pay such amount as may be agreed upon between the State agency and the authority or a…

52:18A-78.23. Tax exemption of projects and other property, and bonds and notes and interest; in lieu tax payment a. All projects and other property of the authority, and projects erected upon land owned by the authority if the projects have been financed, in whole or in part, di…

52:18A-78.23a. Apartments created under Horizontal Property Act or unit created under Condominium Act as constituting parcel of real property An apartment created under the "Horizontal Property Act," P.L.1963, c. 168 (C. 46:8A-1 et seq.), together with its undivided interest in t…

52:18A-78.24. Default on bonds or notes; trustee; appointment; powers and duties; jurisdiction and venue of suit, action or proceeding a. If the authority shall default in the payment of principal of, or interest on, any issue of notes or bonds after the same shall become due, wh…

52:18A-78.25. Moneys received pursuant to act as trust funds All sums of money received pursuant to the authority of this act, whether as proceeds from the sale of bonds or notes or as revenues or receipts, shall be deemed to be trust funds to be held and applied solely as provid…