New Jersey § 5:12-161
Full text of New Jersey New Jersey Statutes § 5:12-161, with citation guidance and answers to common questions.
§ 5:12-161.
There is created and established in the Casino Reinvestment Development Authority
a special account to be known as the “Atlantic City Fund,” into which shall be deposited
or credited the moneys specified in section 45 of P.L.1995, c. 18 ( C.5:12-161.2 ), and the moneys specified in subsection f. of section 3 of P.L.1984, c. 218 ( C.5:12-144.1 ). The moneys in the fund shall be expended by the authority for economic development
projects that foster the redevelopment of Atlantic City . The provisions of section 30 of P.L.1984, c. 218 ( C.5:12-178 ) shall not apply to investments made out of the Atlantic City Fund for projects to
revitalize the boardwalk. The moneys may also be expended for appropriate and reasonable administrative expenses
incurred in the administration of the fund by the authority. At least 30 days before the authority votes on an application for funding for a
project, the authority shall provide to the Chairpersons of the Senate Budget and
Appropriations Committee and the Assembly Appropriations Committee, or their successor
committees, all relevant information concerning the project.
Frequently Asked Questions About New Jersey § 5:12-161
What does New Jersey Statutes § 5:12-161 cover?
Section 5:12-161 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 § 5:12-161?
A common citation format is "New Jersey Statutes § 5:12-161" (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 § 5:12-161 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.