New Jersey § 5:12-173
Full text of New Jersey New Jersey Statutes § 5:12-173, with citation guidance and answers to common questions.
§ 5:12-173.
The Legislature finds and declares that: a. Legalized casino gambling was approved by New Jersey's voters in 1976 as a “unique
tool of urban redevelopment” to facilitate the revitalization of Atlantic City and
other distressed municipalities throughout the State; b. The Legislature created the Casino Reinvestment Development Authority (the “CRDA”)
to oversee the investment of casino gambling revenues for development projects in
Atlantic City and other areas throughout the State; c. During the past 25 years, the development of Atlantic City's multi-billion dollar
casino industry and the CRDA's investment of hundreds of millions of dollars in housing,
commercial and nonprofit projects have greatly benefited the people of New Jersey
and have served as a model for many other states and countries that wished to emulate
Atlantic City's successful record of casino development and economic growth; d. It is altogether fitting and proper on the occasion of the 25th year of legalized
casino gaming in Atlantic City to establish a new program to facilitate the next phase
of Atlantic City's development into a regional, national and international “destination
resort” and at the same time, to insure that substantial commitments are made to projects
to revitalize urban areas and promote continued economic growth throughout the State.
Frequently Asked Questions About New Jersey § 5:12-173
What does New Jersey Statutes § 5:12-173 cover?
Section 5:12-173 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 § 5:12-173?
A common citation format is "New Jersey Statutes § 5:12-173" (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 § 5:12-173 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.