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

5:12-173. Investments; authorization; criteria and priorities The Casino Reinvestment Development Authority shall have the power to invest in projects, in the form of equity investments or loans, or a combination of both, and to approve direct investments in the form of equity in…

5:12-173.1 Findings, declarations relative to redevelopment in Atlantic City. 1. The Legislature finds that the single most significant factor contributing to the cost of constructing, maintaining, operating and supporting highways, roads and infrastructure, in Atlantic City, and…

5:12-173.10. Findings, declaration relative to CRDA urban revitalization program 2. The Legislature finds and declares that: a. Legalized casino gambling was approved by New Jersey's voters in 1976 as a "unique tool of urban redevelopment" to facilitate the revitalization of Atla…

5:12-173.11 Definitions relative to CRDA urban revitalization incentive programs. 3. As used in this act: "Authority" means the Casino Reinvestment Development Authority established pursuant to P.L.1984, c.218 (C.5:12-153 et seq.); "Baseline luxury tax revenue amount" or "baselin…

5:12-173.12 Urban revitalization incentive program. 4. a. There is established the incentive program that shall be administered by the authority. The purpose of the incentive program is to facilitate the development of entertainment-retail districts for the city of Atlantic City …

5:12-173.13. Deposit of sales and use tax revenues 5. a. Notwithstanding the provisions of any law, rule or regulation to the contrary, all revenues received pursuant to the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.) from the taxation of construction materials u…

5:12-173.14. Deposit of hotel room use fee revenues 6. a. Notwithstanding the provisions of any law, rule or regulation to the contrary, all revenues received from hotel room use fees pursuant to P.L.1991, c.376 (C.40:48-8.45 et seq.), which originate from and are delivered from …

5:12-173.15 Project fund created. 7. a. There is created a dedicated, nonlapsing project fund to be held by the State Treasurer, which shall be the repository for all moneys required to be deposited therein under section 5 of P.L.2001, c.221 (C.5:12-173.13) and any moneys appropr…

5:12-173.16 Room fund created. 8. a. There is created a dedicated, nonlapsing room fund to be held by the State Treasurer, which shall be the repository for all moneys required to be deposited therein under section 6 of P.L.2001, c.221 (C.5:12-173.14) and any moneys appropriated …

5:12-173.17. Separate accounts within project, room funds 9. a. The State Treasurer shall maintain separate accounts in the project fund and room fund for each casino licensee approved by the authority for a district project, and for the authority in the event the authority spons…

5:12-173.18. Proposed district project plan 10. a. A casino licensee or the authority, as appropriate, shall submit a proposed district project plan for approval by the authority under the incentive program. b. A proposed district project plan submitted under subsection a. of thi…

5:12-173.19 Proposal for entertainment-retail project, community and housing development project. 11. a. A casino licensee shall submit a proposal to the authority and to the department for an entertainment- retail project or community and housing development project in an urban …

5:12-173.2 Minimum charge of $3.00 imposed for use of casino parking facility. 2. On and after July 1, 1993, there is established a minimum amount which shall be charged in the City of Atlantic City for the use of a parking space for the purpose of parking, garaging or storing a …

5:12-173.20 Authority sponsored project. 12. Notwithstanding any provision to the contrary in P.L.2001, c.221 (C.5:12-173.9 et al.), the authority may sponsor a district project which meets the criteria of paragraphs (1) and (2) of subsection a. of section 4 of P.L.2001, c.221 (C…

5:12-173.22 Issuance of bonds by CRDA, establishment of Casino Capital Construction Fund. 13. a. Notwithstanding any other law to the contrary, the Casino Reinvestment Development Authority established pursuant to section 5 of P.L.1984, c.218 (C.5:12-153) shall issue bonds suffic…

5:12-173.22a Atlantic City Expansion Fund; creation, use. 5. a. The Casino Reinvestment Development Authority shall issue, upon the approval of the State Treasurer, bonds, notes or other obligations, in an amount not to exceed $62 million, the proceeds of which shall be deposited…

5:12-173.23 to 5:12-173.26 has been reallocated to 5:12-163.3 to 5:12-161.6

5:12-173.27 to 5:12-173.30 has been reallocated to 18A:72A-5.1 to 18A:72A-5.4

5:12-173.3 Minimum fee of $3.00 imposed for use of casino parking space. 3. On and after July 1, 1993, there is imposed in the City of Atlantic City a fee upon the use of spaces for the parking, garaging or storing of motor vehicles in a parking facility or property owned or leas…

5:12-173.31 to 5:12-173.34 has been reallocated to 26:2I-5.3 to 26:2I-5.6

5:12-173.35 to 5:12-173.38 has been reallocated to 40:37A-55.2 to 40:37A-55.5

5:12-173.3a. Covenant by State with bond holders as to casino parking fee 7. The State of New Jersey hereby covenants with the purchasers, holders and owners, from time to time, of any bonds secured by funds derived from fees imposed for the use of casino parking spaces pursuant …

5:12-173.4 Special fund, use of fees. 4. a. The State Treasurer shall deposit the first $1.50 of the fee collected pursuant to section 3 of this act, P.L.1993, c.159 (C.5:12-173.3) into a special fund established and held by the State Treasurer and made available for the exclusiv…

5:12-173.5 Responsibility for collection of fees. 5. Each person subject to the provisions of section 3 of P.L.1993, c.159 (C.5:12-173.3) shall be responsible for the collection of the fees imposed pursuant thereto, which shall be collected as part of the charge made for the use …

5:12-173.6. Issuance of bonds, notes 6. a. Notwithstanding any provisions of P.L.1984, c.218 (C.5:12-153 et al.) restricting the issuance or sale of bonds, notes or other obligations by the Casino Reinvestment Development Authority, the authority may from time to time issue bonds…

5:12-173.7. Covenants by authority; contracts with holders of bonds, notes 7. In any resolution of the authority authorizing or relating to the issuance of bonds or notes pursuant to section 6 of this act, P.L.1993, c.159 (C.5:12-173.6), the authority, in order to secure the paym…

5:12-173.8. Moneys set aside for hotel development projects 8. a. From the moneys made available to the Casino Reinvestment Development Authority pursuant to section 3 of P.L.1984, c.218 (C.5:12-144.1), the authority shall, in such manner as it may reasonably determine, set aside…

5:12-173.9. Short title 1. Sections 1 through 13 of P.L.2001, c.221 (C.5:12-173.9 et seq.) shall be known and may be referred to as the "Casino Reinvestment Development Authority Urban Revitalization Act." L.2001,c.221,s.1.

5:12-174. Waiver of project eligibility determination Upon a showing of good cause by a licensee, the Casino Reinvestment Development Authority may waive the requirements of section 25 of this 1984 amendatory and supplementary act requiring a prior determination of an eligible pr…

5:12-175. Waiver of requirements relating to composition of investment tax credit Upon a showing of good cause by a licensee, the Casino Reinvestment Development Authority may, in its sole discretion, waive the requirements of subsection b. of section 3 of this act requiring that…

5:12-176. Waiver of requirements relating to composition, during first ten years of tax obligation, of investment tax credit; conditions Upon a showing of good cause by a licensee, the Casino Reinvestment Development Authority may, in its sole discretion, waive the requirements o…

5:12-177. Donation in lieu of bond purchase or investment In lieu of buying the bonds of the Casino Reinvestment Development Authority or in lieu of making a direct investment, the Casino Reinvestment Development Authority may, in its sole discretion, permit a licensee to obtain …

5:12-178. Projects or investments benefiting, improving, or increasing value of casino hotel or related facility; authority investment; prohibition The Casino Reinvestment Development Authority shall not invest in, issue a guarantee in support of, or approve any investment or pro…

5:12-179. Determination of investment or donation eligibility prior to adoption of rules and regulations; conditions a. Notwithstanding any other law or any other section of this 1984 amendatory and supplementary act to the contrary, a casino licensee may seek a determination of …

5:12-18. "Equity security" "Equity security" --(a) Any voting stock of a corporation, or similar security; (b) any security which has been converted, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security …

5:12-180. Investments or contributions adverse to priorities; prohibition of support or approval by authority Notwithstanding any other law or section of this 1984 amendatory and supplementary act to the contrary, the Casino Reinvestment Development Authority shall not grant any …

5:12-181. Aid to minority, women's businesses a. Beginning with the proceeds received by the authority for the calendar year 1984 from the sale of bonds and for 24 years thereafter, the authority shall set aside $1,200,000.00 annually for the purpose of investing in obligations o…

5:12-182. Eminent domain or condemnation a. The Legislature finds and declares that the achievement of the beneficial purposes of this 1984 amendatory and supplementary act requires the granting to the Casino Reinvestment Development Authority of the right of condemnation and the…

5:12-183. Minutes of authority meetings; effective date of actions; veto A true copy of the minutes of every meeting of the Casino Reinvestment Development Authority shall be forthwith delivered by and under the certification of the secretary thereof to the Governor. No action ta…

5:12-184. Declarations The Legislature declares that the opportunity for full minority and women's business enterprise participation in the casino industry is essential if social and economic parity is to be obtained by minority and women business persons and if the economy of At…

5:12-185. Definitions As used in this act: a. "Casino licensee" means any entity which holds or is an applicant for a casino license pursuant to section 87 of P.L.1977, c. 110 (C. 5:12-87). b. "Minority business enterprise" means a business that is: (1) A sole proprietorship, own…

5:12-186 Minority, women's business contracts. 4. a. Notwithstanding the provisions of any law, rule or regulation to the contrary, every casino licensee shall establish goals of expending at least 5% of the dollar value of its contracts for goods and services with minority and w…

5:12-187 Bus business set aside. 5. a. Every casino licensee shall establish goals of expending at least 5% of the dollar value of its bus business with minority and women's business enterprises by the end of the third year following the receipt of a casino license, and 10% of th…

5:12-187.1 Penalties for violations. 7. If the division determines that the provisions of sections 4 and 5 of P.L.1985, c.539 (C.5:12-186 and C.5:12-187) relating to expenditures and assignments to minority and women's business enterprises have not been met by a licensee, the div…

5:12-188. Determining qualifications The Division of Development for Small Businesses and Women's and Minority Businesses in the Department of Commerce and Economic Development created pursuant to P.L. 1987, c. 55 (C. 52:27H-21.7 et seq.) shall establish and administer a unified …

5:12-189. List of qualified enterprises The Division of Development for Small Businesses and Women's and Minority Businesses shall supply casino licensees with a list of those minority and women's business enterprises which it has certified. The division shall review the list ann…