New Jersey § 52:27bbbb-24

§ 52:27bbbb-24.

The State of New Jersey shall have a first priority lien on payments made under sections

3 and 4 of P.L.2016, c. 5 ( C.52:27BBBB-20 and C:52:27BBBB-21) to secure repayment of any amounts outstanding, including any

accrued interest, at the time of the payment, including, without limitation, on any

financial obligations of Atlantic City to the State of New Jersey, including any office,

department, division, bureau, board, commission, or agency of the State, on any loans

made to Atlantic City by the State of New Jersey, including any office, department,

division, bureau, board, commission, or agency of the State, including without limitation

loans made pursuant to the “Supplemental Municipal Property Tax Relief Act,” P.L.1991, c. 63 ( C.52:27D-118.32 et seq. ), or for any aid provided by the State of New Jersey, including any office, department,

division, bureau, board, commission, or agency of the State, to Atlantic City requiring

repayment. Atlantic City shall utilize amounts received under sections 3 and 4 of P.L.2016, c. 5 ( C.52:27BBBB-20 and C:52:27BBBB-21) to first repay the State of New Jersey for any such financial

obligation, outstanding loan, or aid amounts. The first priority lien held by the State shall be superior and paramount to any

and all prior or subsequent liens or levies by any creditors.