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.
a. Beginning with Fiscal Year 1995-1996 and for the following three fiscal years,
if the amount of money expended as operating expenses by the Casino Control Commission
and the Division of Gaming Enforcement in each of those fiscal years is less than
$57,300,000, the amount of the difference shall be due and payable to the Atlantic
City Fund, created by section 44 of this amendatory and supplementary act, P.L.1995, c. 18 ( C. 5:12-161.1 ), by all casino licensees on the last day of October following the end of each of
those fiscal years. Beginning with Fiscal Year 1999-2000 and for the following three fiscal years, an
amount equal to the average of the amounts paid to the Atlantic City Fund for Fiscal
Years 1995-1996 through 1998-1999 shall be due and payable to the Atlantic City Fund
by all casino licensees on the last day of October following the end of each of those
fiscal years. Any amount expended by the commission or the division in connection with the investigation
of an application for a statement of compliance, interim casino authorization, or
a casino license other than a casino license existing on the effective date of this
act shall not be included in the calculation of the commission and division expenditures
for the purposes of this subsection. b. Each casino licensee shall pay to the authority for deposit in the fund as the
licensee's share of the amount required pursuant to subsection a. of this section
an amount equal to its percentage of the total gross revenue of the relevant fiscal
year. The amount of the gross revenue and the amount due from each licensee shall be determined
and certified by the Casino Control Commission. If a licensee fails to pay the amount due or underpays by an unjustifiable amount,
the commission shall impose a fine of 5% for the amount due or of the underpayment
for each month or portion thereof the licensee is in default of payment, up to 25%
of the amount in default; any fines imposed shall be paid to the authority for deposit
in the fund.
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.