New Jersey § 5:12-173

§ 5:12-173.

a. The State Treasurer shall deposit the first $1.50 of the fee collected pursuant to section 3 of this act, P.L.1993, c. 159 ( C.5:12-173.3 ) into a special fund established and held by the State Treasurer and made available

for the exclusive use of the Casino Reinvestment Development Authority established

pursuant to section 5 of P.L.1984, c. 218 ( C.5:12-153 ) , and shall deposit the remaining $1.50 of the fee into the Casino Revenue Fund established

pursuant to section 145 of P.L.1977, c. 110 ( C.5:12-145 ) in State fiscal years 2004 through 2006. Beginning in State fiscal year 2007 and thereafter, the State Treasurer shall deposit

the remaining $1.50 of the fee as follows: $0.50 into the Casino Revenue Fund and

$1.00 to the authority for its purposes pursuant to law, as approved by the membership

of the authority, provided that the authority shall use the portion of this $1.00

that is necessary to carry out the purpose of section 13 of P.L.2003, c.116 ( C.5:12-173.22 ) . b. Amounts in the special fund shall be expended by the authority for eligible projects in the corridor region of the City of Atlantic City

in Atlantic County as defined by regulation of the authority, which are related to

improving the highways, roads, infrastructure, traffic regulation and public safety

of that city or which are otherwise necessary or useful to the economic development

and redevelopment of the city in this regard. The State Treasurer may require that a financial plan demonstrating the need, schedule

and use for moneys placed in the special fund be approved by the State Treasurer prior

to allocation. Pending application of moneys held in this special fund for these purposes, the

moneys shall be invested in accordance with applicable law and income therefrom shall

be credited exclusively to the special fund.