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New Jersey Statutes, Title: 5, AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
Section: 5:12-167: Property and bonds of authority; tax exemption
All property of the Casino Reinvestment Development Authority is declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the State or any subdivision thereof. All bonds issued pursuant to this act are declared to be issued by an instrumentality of this State and for an essential public and governmental purpose and the bonds, and the interest thereon and the income therefrom, and all fees, charges, funds, revenues, income and other moneys pledged or available to pay or secure the payment of the bonds, or interest thereon, shall at all times be exempt from taxation.
L.1984, c. 218, s. 19, eff. Dec. 19, 1984.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 5:12-167 (if available):
Court decisions that cite this statute: CLICK HERE.