Title 40, Title 40: MUNICIPALITIES AND COUNTIES

40:37D-13. Pledge of State 13. a. The State pledges to and covenants and agrees with the holders of any bonds or notes issued pursuant to this act that the State will not limit or alter the rights or powers vested in the authority to acquire, construct, maintain, improve, repair …

40:37D-14. Investment of funds, moneys in authority bonds 14. 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 companie…

40:37D-15. Conveyance of governmental real property to authority 15. All counties and municipalities and other governmental subdivisions, authorities, and public departments, agencies and commissions of the State, notwithstanding any contrary provision of law, are authorized to l…

40:37D-16. Tax treatment of authority facilities, property, bonds 16. a. All facilities and other property of the authority are declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special asses…

40:37D-17. Annual report to Local Finance Board 17. The authority shall make an annual report of its activities for its preceding fiscal year to the Local Finance Board, pursuant to the provisions of the "Local Authorities Fiscal Control Law," P.L.1983, c.313 (C.40A:5A-1 et seq.)…

40:37D-2. Findings, declarations 2. The Legislature finds and declares that: a. There is a need to establish, construct and develop regional food processing and distribution centers in the various counties of the State; and b. These regional centers will stimulate additional econ…

40:37D-3. Definitions 3. As used in this act: "Authority" means a county food distribution authority created pursuant to section 4 of this act. "Bonds" means bonds issued by the authority pursuant to this act. "Center" means a county food processing and distribution center author…

40:37D-4. Creation of county food distribution authority 4. a. Upon approval by the Local Finance Board, pursuant to sections 4 and 5 of P.L.1983, c.313 (C.40A:5A-4; C.40A:5A-5) the governing body of a county may by ordinance or resolution, as appropriate, create a public body co…

40:37D-5. Powers of authority, general 5. Except as otherwise limited by this act and the "Local Authorities Fiscal Control Law," P.L.1983, c.313 (C.40A:5A-1 et seq.), the authority shall have power: a. To sue and be sued; b. To have an official seal and alter it at pleasure; c. …

40:37D-6. County food processing and distribution center 6. a. An authority created pursuant to section 4 of this act is authorized to acquire by purchase, establish, develop, construct, operate, maintain, repair, reconstruct, restore, improve and otherwise effectuate a food proc…

40:37D-7. Powers of authority relative to highways and lands 7. a. If the authority shall find it necessary in connection with the undertaking of the center to change the location of any portion of any public highway or road, it may contract with any government agency, or public …

40:37D-8. Exercise of power of eminent domain 8. a. Upon the exercise of the power of eminent domain, the compensation to be paid thereunder shall be ascertained and paid in the manner provided in the "Eminent Domain Act of 1971," P.L.1971, c.361 (C.20:3-1 et seq.), insofar as th…

40:37D-9. Issuance of bonds, notes 9. a. The authority is authorized from time to time to issue its bonds or notes in principal amounts which in the opinion of the authority shall be necessary to provide sufficient funds for any of its corporate purposes, including the payment, f…