New Jersey § 5:12-178
Full text of New Jersey New Jersey Statutes § 5:12-178, with citation guidance and answers to common questions.
§ 5:12-178.
The Casino Reinvestment Development Authority shall not invest in, issue a guarantee
in support of, or approve any investment or project which directly and exclusively
benefits, improves, or increases the assessed value of a casino hotel or related facility. Notwithstanding the foregoing, to the extent that an investment in or guarantee
of infrastructure requirements, such as public roads, streets, intersections and sewer
and water facilities, which are dedicated to the public use and benefit society as
a whole exceeds the demand for such requirements created by an approved casino hotel
or related facility and thus does not finance infrastructure improvements required
to be made by a casino licensee pursuant to subsection e. of section 84 of P.L.1977,
c. 110 ( C. 5:12-84 ), the excess investment or guarantee may be considered an eligible investment or
project, if the authority finds that the investment or guarantee serves the most pressing
social and economic needs of the residents of the city of Atlantic City and otherwise
satisfies the requirements of section 25 of this 1984 amendatory and supplementary
act. 1 1
N.J.S.A. § 5:12-173.
Frequently Asked Questions About New Jersey § 5:12-178
What does New Jersey Statutes § 5:12-178 cover?
Section 5:12-178 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 § 5:12-178?
A common citation format is "New Jersey Statutes § 5:12-178" (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 § 5:12-178 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.