New Jersey § 32:36-9

having an identical effect to L.2019, c. 195, § 9 . > Exemption from taxes, local laws. a. The Commission shall be performing essential governmental functions in exercising

its powers and functions and in carrying out the provisions of this act and of any

law relating thereto, and shall not be required to pay any taxes or assessments of

any character, levied by either state or any local government thereof, upon any of

the property used by it or its agents or contractors for the Facilitation of the Project,

or any income or revenue therefrom, including any profit from a sale, lease or exchange,

or in connection with the transfer thereof or of any real property interest therein. Any bonds or other securities or obligations issued by the Commission, their transfer

and the interest paid thereon or income therefrom, including any profit from a sale

or exchange, shall at all times be free from taxation by either state or any subdivision

thereof. b. The Commission shall, as a matter of policy, conform to the enactments, ordinances,

resolutions, and regulations of the respective states and local governments where

the Project is located in regard to the construction and maintenance of the Project

and in regard to health and fire protection which would be applicable if the Commission

were a private corporation, to the extent that the Commission finds it practicable

so to do, without interfering with, impairing, or affecting the efficiency of its

purposes under this act, or its ability to effectuate the Project upon a self-supporting

basis, or its obligations, duties, and responsibilities to the two states, its bondholders,

if any, and the general public, but the decision of the Commission as to whether it

is practicable so to do shall be controlling. To that end, the Commission shall submit copies of plans and specifications for

buildings and structures to the appropriate state and local government officials and

shall consult with them with respect thereto, and shall receive their comments and

suggestions thereon, but the Commission shall make the final determination as to which

comments and suggestions to accept in effectuating the project. c. Notwithstanding the provisions of subsection a. of this section, the Commission

is hereby authorized and empowered, in its discretion, to enter into a voluntary agreement

or agreements with any local government whereby the Commission may undertake to pay

in lieu of taxes a fair and reasonable sum, if any, annually in connection with any

real property acquired and owned by the Commission for any of the purposes of this

act, and to provide for the payment as a rental or additional rental charge by any

person occupying any portion of such real property as lessee, vendee or otherwise

of such fair and reasonable sum, provided that in no event shall any voluntary agreement

entered into by the commission provide for the payment of an amount in lieu of taxes

in excess of the amount last paid as taxes upon such real property prior to the time

of its acquisition by the Commission. d. Notwithstanding any other provision of law, general, special, charter, or local,

each local government is hereby authorized and empowered to enter into such agreement

or agreements with the Commission, and to accept the payment or payments which the

Commission is hereby authorized and empowered to make, and the sums so received by

such local government shall be devoted to purposes to which taxes may be applied in

all affected taxing jurisdictions unless and until otherwise directed by law of the

state in which such local government is located.