New Jersey § 52:18a-70
Full text of New Jersey New Jersey Statutes § 52:18a-70, with citation guidance and answers to common questions.
§ 52:18a-70.
The exercise of the powers granted by this act will be in all respects for the benefit
of the people of the State, and as the operation and maintenance of projects by the
Authority will constitute the performance of a governmental function, the Authority
shall not be required to pay any taxes or assessments upon any project acquired or
used by the Authority under the provisions of this act or upon the income therefrom,
and any project and any property acquired or used by the Authority under the provisions
of this act and the income therefrom, and the bonds issued under the provisions of
this act, their transfer and the income therefrom (including any profit made on the
sale thereof) shall be exempt from taxation.
Frequently Asked Questions About New Jersey § 52:18a-70
What does New Jersey Statutes § 52:18a-70 cover?
Section 52:18a-70 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 52:18a-70?
A common citation format is "New Jersey Statutes § 52:18a-70" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 52:18a-70 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.