New Jersey § 52:27c-73

§ 52:27c-73.

The commission shall have perpetual succession and shall have the following powers: a. To make, amend and repeal rules and bylaws for its own governance and guidance

not inconsistent with State and federal law; b. To adopt an official seal and alter the same at its pleasure; c. To maintain an office at such place or places within the State as it may designate; d. To contract for, accept, solicit or collect any grants, loans, funds, property,

or other aid in any form from the United States of America or any agency or instrumentality

thereof, from the State or any agency, instrumentality or political subdivision thereof,

or from any other public source; e. To set an amount and to charge reasonable fees for special projects or services

that were not customarily provided by the department prior to the effective date of

this act to be paid to the commission for services rendered to persons, businesses,

or other entities which fees shall reflect the cost of providing such projects or

services; notwithstanding the provisions of this subsection, the commission is authorized

to set an amount and to charge reasonable fees for services for which fees were charged

by the department prior to the effective date of this act; f. To exercise all of the powers, functions, and duties previously exercised by the

Department of Commerce and Economic Development, except as herein provided pursuant

to this act; g. To act as the State's representative abroad and within the United States concerning

trade and commerce issues; h. To adopt rules and regulations, pursuant to the “Administrative Procedure Act,”

P.L.1968, c. 410 ( C.52:14B-1 et seq. ), necessary for the proper functioning of the commission and necessary to carry out

the provisions of this act; i. To do any and all things necessary or convenient to carry out the purposes of the

commission and to exercise the powers given and granted to the commission under this

act; j. To coordinate the State's economic development activities among the commission's

organizational units and the New Jersey Economic Development Authority, the New Jersey

Commission on Science and Technology, the New Jersey Urban Enterprise Zone Authority,

the New Jersey Development Authority for Small Businesses, Minorities and Women's

Enterprises, and the Motion Picture and Television Development Commission, and to

recommend economic development policies to the Governor; k. To enter into memoranda of understanding or other cooperative agreements with the

New Jersey Economic Development Authority, the New Jersey Commission on Science and

Technology, the New Jersey Urban Enterprise Zone Authority, the New Jersey Development

Authority for Small Businesses, Minorities and Women's Enterprises, the Atlantic City

Convention Center Authority, the Dredging Project Task Force, the Economic Development

Site Task Force, and the Motion Picture and Television Development Commission, or

any other State agency for the provision of services or other cooperative efforts

to effectuate the purposes of this act and to ensure the coordination of the State's

economic development activities; l . To make and enter into contracts, leases, agreements, and purchases necessary for

the use, or incidental to the performance of, the commission's duties and the exercise

of its powers under the act; m. To do and perform any acts and things authorized by this act under, through or

by means of its own officers, agents and employees, or by contract with any person; n. To insure against any losses in connection with the commission's properties, operations

or assets; o . To appoint the Executive Director of the commission and to formulate and adopt rules

and regulations for the efficient conduct of the work and general administration of

the commission, its officers, and employees; p. To institute or cause to be instituted such legal proceedings or processes as may

be necessary to properly enforce and give effect to any of the powers or duties of

the Executive Director or the commission; and q. To develop once every five years an economic development master plan identifying

the commission's objectives, policies and programs which will encourage business attraction,

expansion, and retention .