New Jersey § 5:12-172
Full text of New Jersey New Jersey Statutes § 5:12-172, with citation guidance and answers to common questions.
§ 5:12-172.
The Casino Reinvestment Development Authority shall have the power to guarantee the
obligations of any other person, corporation, association or of any instrumentality,
municipality or political subdivision of the State, which are issued to finance an
eligible project as defined in accordance with section 25 of this act. 1 Such a guarantee shall be authorized by a resolution of the Casino Reinvestment
Development Authority, which resolution may contain agreements, covenants and pledges
of the Casino Reinvestment Development Authority as it may deem necessary or desirable
to provide security for the guarantee, including but not limited to the establishment
of reserves derived from proceeds of bonds issued by the Casino Reinvestment Development
Authority to licensees or from the revenues of the Casino Reinvestment Development
Authority, the subordination of bonds and other obligations of the Casino Reinvestment
Development Authority to the guarantee, limitations on the amount of obligations of
the Casino Reinvestment Development Authority which can be issued, which would be
senior to or on a parity with the guarantee, the pledge of contracts with licensees
and of proceeds of bonds issued to licensees as security for the payment of guaranteed
obligations and limitations on the total amount of annual debt service payable by
the Casino Reinvestment Development Authority on all of its obligations. 1
N.J.S.A. § 5:12-173.
Frequently Asked Questions About New Jersey § 5:12-172
What does New Jersey Statutes § 5:12-172 cover?
Section 5:12-172 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 § 5:12-172?
A common citation format is "New Jersey Statutes § 5:12-172" (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 § 5:12-172 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.