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NEW JERSEY STATUTES AND CODES
5:12-159 - Dissolution of authority; conditions
5:12-159. Dissolution of authority; conditions
The Casino Reinvestment Development Authority may be dissolved by an act of the Legislature on the condition that the Casino Reinvestment Development Authority has no debts or obligations outstanding or that provision has been made for the payment and retirement of its debts or obligations. Upon any dissolution of the Casino Reinvestment Development Authority, all property, funds and assets thereof shall be vested in the State.
L.1984, c. 218, s. 11, eff. Dec. 19, 1984.
The Casino Reinvestment Development Authority may be dissolved by an act of the Legislature on the condition that the Casino Reinvestment Development Authority has no debts or obligations outstanding or that provision has been made for the payment and retirement of its debts or obligations. Upon any dissolution of the Casino Reinvestment Development Authority, all property, funds and assets thereof shall be vested in the State.
L.1984, c. 218, s. 11, eff. Dec. 19, 1984.
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