New Jersey § 52:27bbbb-28
Full text of New Jersey New Jersey Statutes § 52:27bbbb-28, with citation guidance and answers to common questions.
§ 52:27bbbb-28.
a. There is established the Infrastructure Fund to be held by the State Treasurer,
which shall be the repository for all moneys required to be deposited therein under
subsection b. of section 9 of P.L.2016, c. 5 ( C.52:27BBBB-25 ) and any moneys appropriated annually to the fund. The State Treasurer may invest and reinvest any moneys in the fund, or any portion
thereof, in legal obligations of the United States or of the State or of any political
subdivision thereof. Any income from, interest on, or increment to moneys so invested or reinvested shall
be included in the fund. b. Moneys in the fund shall be expended by Atlantic City to pay for any work that
may be undertaken as a local improvement pursuant to R.S.40:56-1 . The governing body of Atlantic City may fund a local improvement with moneys deposited
in the Infrastructure Fund subject to approval of the Commissioner of Community Affairs,
in consultation with the Casino Reinvestment Development Authority and other State
agencies, as appropriate. c. If Atlantic City is no longer deemed a municipality in need of stabilization and
recovery, as defined in section 3 of P.L.2016, c. 4 ( C.52:27BBBB-3 ), then Atlantic City shall receive any money in the Infrastructure Fund and any future
dedication to the Infrastructure Fund pursuant to subsection b. of section 9 of P.L.2016, c. 5 ( C.52:27BBBB-25 ) subject to a memorandum of understanding executed with the State Treasurer that
restricts the use of such moneys to works that may be undertaken as a local improvement
pursuant to R.S.40:56-1 .
Frequently Asked Questions About New Jersey § 52:27bbbb-28
What does New Jersey Statutes § 52:27bbbb-28 cover?
Section 52:27bbbb-28 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 § 52:27bbbb-28?
A common citation format is "New Jersey Statutes § 52:27bbbb-28" (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 § 52:27bbbb-28 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.