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

52:27BBB-74 Tax exemptions. 9. a. It is hereby determined that the creation of the corporation and the carrying out of its authorized purposes is in all respects a public and governmental purpose for the benefit of the people of a qualified municipality and for the improvement of…

52:27BBB-75 State pledges, agreements with parties. 10. a. The State hereby pledges and agrees with the corporation, the owners of the securities and benefitted parties, that until all securities and ancillary facilities, together with the interest thereon and all costs and expen…

52:27BBB-76 Immunity. 11. Neither any member of the corporation nor any officer, employee or agent of the corporation, while acting within the scope of his or her authority, shall be subject to any personal liability resulting from exercising or carrying out of any of the corpora…

52:27BBB-77 Rules, regulations. 12. The corporation may adopt any rule and regulation to effectuate the purposes of this act and, if it does so, shall apply the procedures of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), with respect thereto. L.2003,c.…

52:27BBB-78 Liberal construction. 13. This act and all powers granted hereby shall be liberally construed to effectuate its intent and their purposes, without implied limitations thereon. This act shall constitute full and complete authority for all things herein contemplated to …

52:27BBB-79 Title 54 unaffected; precedence of act. 14. Title 54 of the Revised Statutes shall remain in full force and effect. In the event of any conflict between this act and Title 54 of the Revised Statutes, this act shall be given precedence over such other law. L.2003,c.120…

52:27BBB-8 Submission of report by chief operating officer. 8. a. At the end of four years following the commencement of duties by the chief operating officer, the chief operating officer or his or her successor shall submit a report to the Governor, each member of the State Econ…

52:27BBB-9 Reallocation of functions, powers, duties to chief operating officer. 9. a. Upon the appointment of the chief operating officer pursuant to subsection a. of section 7 of P.L.2002, c.43 (C.52:27BBB-7), all the functions, powers and duties heretofore or hereafter assigne…

52:27BBBB-1 Short title. 1. This act shall be known and may be cited as the "Municipal Stabilization and Recovery Act." L.2016, c.4, s.1.

52:27BBBB-10 Severability. 12. If any provision of P.L.2016, c.4 (C.52:27BBBB-1 et al.) or its application is held invalid, the invalidity shall not affect other applications of that provision, or other provisions of P.L.2016, c.4 (C.52:27BBBB-1 et al.), which reasonably can be g…

52:27BBBB-12 Specific power, authority not construed to limit, restrict certain general authorities. 14. The enumeration of any specific power or authority granted to the Local Finance Board or the director pursuant to P.L.2016, c.4 (C.52:27BBBB-1 et al.) shall not be construed t…

52:27BBBB-13 Liberal construction. 15. P.L.2016, c.4 (C.52:27BBBB-1 et al.) shall be construed liberally to give effect to its intent that severe fiscal distress in municipalities in need of stabilization and recovery shall be addressed and corrected. L.2016, c.4, s.15.

52:27BBBB-14 Terms of C.52:27BBBB et al. prevail in event of inconsistency. 16. The authorities granted to the director in P.L.2016, c.4 (C.52:27BBBB-1 et al.) are intended to supplement authority provided in the "Local Government Supervision Act (1947)," P.L.1947, c.151 (C.52:27…

52:27BBBB-15 Attendance of certain meetings required, final report. 17. The director or the director's designee shall attend the regularly scheduled meetings of the municipal council in a municipality in need of stabilization and recovery. On or before the first day of the 16th y…

52:27BBBB-16 Transfer of necessary appropriations. 18. The State Treasurer, in consultation with the commissioner, shall direct the Director of the Division of Budget and Accounting to transfer appropriations from any State department to any other State department as may be neces…

52:27BBBB-17 Required amount of relief aid. 19. Notwithstanding any law, rule, or regulation to the contrary, the amount of consolidated municipal property tax relief aid and energy tax receipts property tax relief aid paid to a municipality in need of stabilization and recovery …

52:27BBBB-18 Short title. 1. Sections 1 through 8 and section 10 of P.L.2016, c.5 (C.52:27BBBB-18 et al.) shall be known and may be referred to as the "Casino Property Tax Stabilization Act." L.2016, c.5, s.1.

52:27BBBB-19 Findings, declarations relative to stabilization of finances of a municipality in which casino gaming is authorized. 2. The Legislature finds and declares that: a. In 1976, the voters of the State approved an amendment to the New Jersey Constitution (Article IV, Sect…

52:27BBBB-19.1 Findings, declarations relative to casino gaming properties. 1. The Legislature finds and declares: a. The "Casino Property Tax Stabilization Act," P.L.2016, c.5 (C.52:27BBBB-18 et seq.), was enacted on May 27, 2016, to address a dire financial circumstance that af…

52:27BBBB-2 Findings, declarations relative to municipal stabilization and recovery. 2. The Legislature finds and declares that: a. The short and long-term fiscal stability of local government units is essential to the interests of the citizens of this State to assure the efficie…

52:27BBBB-20 Definitions relative to stabilization of finances of a municipality in which casino gaming is authorized. 3. a. As used in P.L.2016, c.5 (C.52:27BBBB-18 et al.): "Atlantic City" means the City of Atlantic City, in Atlantic County; "Base amount" means, for calendar ye…

52:27BBBB-21 Additional payments required. 4. a. In addition to the amounts required to be remitted under section 3 of P.L.2016, c.5 (C.52:27BBBB-20), the owner of each casino gaming property shall make a separate payment to the State, where the aggregate amount of these payments…

52:27BBBB-22 Remitted portion of payment to county and school district. 5. a. Annually, beginning in calendar year 2017 and ending on December 31, 2026, a portion of the payment in lieu of property tax moneys collected pursuant to section 3 of P.L.2016, c.5 (C.52:27BBBB-20) shall…

52:27BBBB-23 Atlantic City Review Commission. 6. a. On January 1, 2025, there shall be established the Atlantic City Review Commission, to review and determine the efficacy of the payment in lieu of property tax program established by P.L.2016, c.5 (C.52:27BBBB-18 et al.). Specif…

52:27BBBB-24 State to have first priority lien. 7. The State of New Jersey shall have a first priority lien on payments made under sections 3 and 4 of P.L.2016, c.5 (C.52:27BBBB-20 and C.52:27BBBB-21) to secure repayment of any amounts outstanding, including any accrued interest,…

52:27BBBB-25 Allocation of certain moneys to Atlantic City. 9. a. Notwithstanding the provisions of section 3 of P.L.1984, c.218 (C.5:12-144.1) or any other law to the contrary, including subsection k. of section 5 of P.L.2011, c.18 (C.5:12-219), for calendar years 2018, 2019, 20…

52:27BBBB-26 Classification of certain moneys allocated. 10. Notwithstanding any law, rule, or regulation to the contrary, all monies allocated pursuant to section 9 of P.L.2016, c.5 (C.52:27BBBB-25) shall be considered "funds appropriated as State aid and not otherwise dedicated…

52:27BBBB-27 Clean and Safe Fund, established. 7. a. There is established the Clean and Safe Fund to be held by the State Treasurer, which shall be the repository for all moneys required to be deposited therein under subsection b. of section 9 of P.L.2016, c.5 (C.52:27BBBB-25) an…

52:27BBBB-28 Infrastructure Fund, established. 8. a. There is established the Infrastructure Fund to be held by the State Treasurer, which shall be the repository for all moneys required to be deposited therein under subsection b. of section 9 of P.L.2016, c.5 (C.52:27BBBB-25) an…

52:27BBBB-3 Definitions relative to municipal stabilization and recovery. 3. As used in P.L.2016, c.4 (C.52:27BBBB-1 et al.): "Commissioner" means the Commissioner of Community Affairs. "Director" means the Director of the Division of Local Government Services in the Department o…

52:27BBBB-4 Determination of whether municipality is in need of stabilization and recovery. 4. a. The director may ascertain whether a municipality should be deemed a municipality in need of stabilization and recovery. If the director ascertains that a municipality should be deem…

52:27BBBB-5 Power of Local Finance Board under certain circumstances. 5. a. (1) Notwithstanding the provisions of any law, rule, or regulation to the contrary, if the municipality in need of stabilization and recovery fails to submit a plan, if the commissioner has determined pur…

52:27BBBB-6 Preparation of annual budget for municipality in need of stabilization and recovery. 8. In a municipality in need of stabilization and recovery, the director may prepare the annual budget or instruct the municipal governing body to prepare and submit a proposed annual…

52:27BBBB-7 Delegation of power by director. 9. The director may delegate to the director's designee any power granted to the Director pursuant to P.L.2016, c.4 (C.52:27BBBB-1 et al.). The designation to a director's designee shall be in writing and filed with the Local Finance B…

52:27BBBB-8 Initiative, referendum approved by voters deemed advisory; exceptions. 10. In a municipality in need of stabilization and recovery, any initiative approved by the voters of the municipality pursuant to section 17-35 of P.L.1950, c.210 (C.40:69A-184) and any referendum…

52:27BBBB-9 Resolutions issued by director deemed sufficient. 11. a. Notwithstanding the provisions of any law or regulation, including, without limitation, the "Local Bond Law," N.J.S.40A:2-1 et seq., and the "Municipal Qualified Bond Act," P.L.1979, c.38 (C.40A:3-1 et seq.), th…

52:27C-1. Department of Economic Development There is hereby created a Department of Economic Development, consisting of a co-ordinator and an economic council, hereinafter referred to as "the department." L.1944, c. 85, art. 1, p. 168, s. 1.

52:27C-10. Additional powers and duties of council The council, in addition to other powers and duties specifically vested in it, shall: a. Consult with and advise the commissioner with respect to the work of the department. b. Approve or disapprove the appointment of officers an…

52:27C-100 Adoption of bylaws. 5. Upon the incorporation of the Foundation for Technology Advancement 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 using the following g…

52:27C-101 Bi-annual report to Governor, Legislature. 6. The Foundation for Technology Advancement shall bi-annually report its findings and recommendations to the Governor and the Legislature. The report shall address the responsibilities as set forth in section 1 of this act, a…

52:27C-102 Use of funds by foundation; receipt of gifts. 7. All funds received by the Foundation for Technology Advancement, other than those necessary to pay the expenses of the foundation, shall be used exclusively for the establishment, support and promotion of the foundation.…

52:27C-103 Assistance, services by Department of the Treasury. 8. The State Treasurer is authorized to provide financial assistance and those services of employees of the State which may be required to form and incorporate the Foundation for Technology Advancement within the limi…

52:27C-104 Payment of expenses. 9. All expenses incurred by the Foundation for Technology Advancement shall be payable from funds raised by the foundation, and no liability or obligation, in tort or contract, shall be incurred by the State for the operation of the foundation. The…

52:27C-105 Annual audit. 10. A certified public accountant shall be selected by the Foundation for Technology Advancement to annually audit the foundation's funds. The foundation shall contract for and receive such audit annually and shall submit the audit to the State Treasurer …

52:27C-11. Federal grants The department may apply for and accept grants from the Federal Government or any agency thereof, any may comply with the terms, conditions and limitations thereof, for any of the purposes of this act. Any moneys so received may be expended by the depart…

52:27C-12. Policies and programs The department, through its division of commerce, shall formulate comprehensive economic policies for the development and use of natural and economic resources of the State. It shall organize and operate programs for: a. The co-operation of employ…