Search Rutgers Law Library N.J. Court Opinions

1 NEW JERSEY ALLIANCE FOR FISCAL INTEGRITY, LLC v. NEW JERSEY SPORTS AND EXPOSITION AUTHORITY AMEREAM LLC -- rank: 1000

... appellant's argument continues, this is illegal because by statute, N.J.S.A. 40A:12A-67(a)-(c), PILOTs can only be pledged as collateral for ... Board and which the LFB approved. By way of background N.J.S.A. 40A:12A-67(g) provides that: A financial instrument . . . that is secured in ... that an authority, such as the NJSEA, issue the bonds. N.J.S.A. 40A:12A-67(a). In furtherance of such a bond issue a municipality ... the NJSEA may assign PILOTs as security for the bonds. N.J.S.A. 40A:12A-67(c). By resolution adopted on May 17, 2016, the Borough ...

docket:	a0052-16
court:	NJ Superior Court Appellate Division
decided:	2016-10-03
status:	unpublished
citation:
Document Size:	40425