New Jersey § 18a:64m-38

§ 18a:64m-38.

In addition to the authority and responsibility of the Rowan University-Rutgers Camden

Board of Governors pursuant to section 34 of P.L.2012, c. 45 ( C.18A:64M-38 ), the board shall have the power and the duty, subject to the limitations set forth

in that section including the appropriations limit applicable to Rowan University

and Rutgers, The State University set forth therein, and consistent with the provisions

of P.L.2012, c. 45 ( C.18A:64M-1 et al.), to: a. Enter into contracts and agreements with the State or any of its political subdivisions

or with the United States, or with any public body, department, or other agency of

the State or the United States or with any individual, firm, or corporation, which

are deemed necessary or advisable by the board for carrying out the provisions of P.L.2012, c. 45 ( C.18A:64M-1 et al.); b. Exercise the right of eminent domain, pursuant to the provisions of the “Eminent

Domain Act of 1971,” P.L.1971, c. 361 ( C.20:3-1 et seq. ), to acquire any property or interest therein, provided that this right shall be

exercised only in a municipality that has been under rehabilitation and economic recovery

pursuant to the “Municipal Rehabilitation and Economic Recovery Act,” P.L.2002, c. 43 ( C.52:27BBB-1 et al.); c. Accept from any government or governmental department, agency, or other public

or private body or from any source grants or contributions of money or property which

the board may use for or in aid of any of its purposes; and d. Acquire, by gift, purchase, condemnation or otherwise, own, lease, dispose of,

use and operate property, whether real, personal or mixed, or any interest therein,

which is necessary or desirable for its purposes.