New Jersey § 52:27h-40
Full text of New Jersey New Jersey Statutes § 52:27h-40, with citation guidance and answers to common questions.
§ 52:27h-40.
In addition to the powers granted to the authority in P.L.1981, c. 459 ( C.52:27H-29 et seq. ) , the authority may: a. Make and alter bylaws for its organization and internal management and make rules and regulations with respect to its operations; b. Adopt an official seal and alter the same at its pleasure; c. Sue and be sued in its own name; d. Make and enter into all contracts or agreements necessary or incidental to the
performance of its duties; e. Enter into agreements or other transactions with and accept grants and the cooperation
of the United States or any agency thereof or any State or local agency in furtherance
of the purposes of P.L.1981, c. 459 ( C.52:27H-29 et seq. ) , and do anything necessary in order to avail itself of this aid and cooperation; f. Solicit, receive and accept aid, loans or contributions from any source of money,
property, labor or other things of value, to be held, used and applied to carry out
the purposes of P.L.1981, c. 459 ( C.52:27H-29 et seq. ) subject to the conditions upon which this aid, these loans and contributions shall
be made, including but not limited to grants from any department or agency of the
United States or any State or local agency for any purpose consistent with P.L.1981, c. 459 ( C.52:27H-29 et seq. ) ; g. Acquire, own, hold, sell, exchange, lease or otherwise dispose of real or personal
property or any interest therein in the exercise of its powers and the performance
of its duties under P.L.1981, c. 459 ( C.52:27H-29 et seq. ) ; h. Appoint such officers, employees, and agents as it may require for the performance of its
duties, and fix their compensation, promote and discharge them, all without regard
to the provisions of Title 11A of the New Jersey Statutes; i. Provide advisory, consultative and technical assistance and advice to any person,
firm, association, partnership or corporation, either public or private, in order
to carry out the purposes of P.L.1981, c. 459 ( C.52:27H-29 et seq. ) ; j. Invest moneys of the authority not required for immediate use in those obligations, securities
and other investments as the authority shall deem prudent; k. Procure insurance coverage in such types and amounts and from such insurers as
may be advisable; l . Engage the services of attorneys, accountants, marketing analysts and financial
experts and such other advisors, consultants and agents as may be necessary in its
judgment, and fix their compensation; m. Maintain an office at such place or places in the city of Atlantic City as it may
designate; n. Advertise and promote the tourist, resort, convention and casino gaming industries
of the city of Atlantic City and for these purposes establish funds, adopt and collect
fees and other charges and make expenditures consistent with the provisions of any contract for the operation of the convention center project ; and o . Do any act necessary to the exercise of these powers or reasonably implied therefrom.
Frequently Asked Questions About New Jersey § 52:27h-40
What does New Jersey Statutes § 52:27h-40 cover?
Section 52:27h-40 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 § 52:27h-40?
A common citation format is "New Jersey Statutes § 52:27h-40" (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 § 52:27h-40 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.