New Jersey § 52:27d-468

§ 52:27d-468.

The district agent shall have the following powers and responsibilities to the extent

so designated by ordinance: a. to make and enter into contracts or agreements with public agencies, nonprofit

corporations or other suitable public or private persons, firms, corporations or associations,

and to make loans or grants to, or guarantee the obligations of, any other public

agency or corporation, as may be necessary, convenient or incidental to the execution

of the plan and the exercise of the district agent's powers under the “Revenue Allocation

District Financing Act,” sections 11 through 41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ); b. to enter into agreements or other transactions with, and accept grants, loans,

appropriations or other assistance or cooperation from the United States or any agency

thereof, or from the State or a county or municipal governing body or any agency thereof,

or any nonprofit corporation or other suitable public or private person, firm, corporation

or association in furtherance of the purposes of the “Revenue Allocation District

Financing Act,” sections 11 through 41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ); c. to prepare and administer the plan according to the provisions of the “Revenue

Allocation District Financing Act,” sections 11 through 41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ); d. to hire or consult with private consultants when preparing the plan, or to enter

into agreements with public or nonprofit private agencies to prepare and administer

the plan; e. to issue bonds or cause bonds to be issued for any purpose of the district authorized

by or pursuant to the “Revenue Allocation District Financing Act,” sections 11 through

41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ), or to issue refunding bonds for the purpose of paying or retiring bonds previously

issued by it, and to issue notes in anticipation of the issuance of bonds as provided

in the “Revenue Allocation District Financing Act,” sections 11 through 41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ); f. to seek and receive funds from local, State and federal governments and from private

sources for the purpose of implementing any authorized development or project or meeting

any project cost; g. to pay project costs, specifically including payments to a private developer, as

reimbursement for project costs incurred by a private developer, in accordance with

a redevelopment bond financing agreement entered into by the municipality or municipalities

and the private developer; and h. to include in the terms of any resolution, bond or contract a provision that the

payments in lieu of taxes or special assessments shall constitute a municipal charge

for the purposes of R.S.54:4-66 . Except as provided otherwise herein, nothing herein is intended to limit the powers

granted under any other law or regulation to the entity acting as district agent under

the “Revenue Allocation District Financing Act,” sections 11 through 41 of P.L.2001, c. 310 ( C.52:27D-459 et seq. ).