New Jersey § 52:18b-2
Full text of New Jersey New Jersey Statutes § 52:18b-2, with citation guidance and answers to common questions.
§ 52:18b-2.
The purpose of this act is to authorize, create and establish a corporation empowered
to acquire from the State all or a portion of the State's tobacco receipts; to authorize
the sale by the State of all or a portion of the State's tobacco receipts to the corporation;
to authorize the transfer to and the receipt by the corporation of such tobacco receipts;
to authorize the corporation to issue securities of the corporation for the purposes
authorized in this act, payable solely from and secured solely by such portion of
the State's tobacco receipts as the corporation may designate and pledge to secure
the securities, together with the investment income thereon and any reserve funds
created by the corporation from any portion of the proceeds of such securities; to
authorize the corporation to hold and invest such portion of the net proceeds of the
sale of the securities pending direction by the State and such portion of the State's
tobacco receipts sold to the corporation which are not pledged to secure securities
of the corporation; and to authorize the corporation to manage such portion of the
net proceeds of the sale of the securities pending direction by the State and all
or a portion of the State's tobacco receipts sold to the corporation for the purposes
and in the manner authorized in this act.
Frequently Asked Questions About New Jersey § 52:18b-2
What does New Jersey Statutes § 52:18b-2 cover?
Section 52:18b-2 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 § 52:18b-2?
A common citation format is "New Jersey Statutes § 52:18b-2" (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 § 52:18b-2 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.