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Code · New Jersey · Title 34 — Public Health and Safety · Chapter 1B

34:1B-57. Casino authority investments

111 words·~1 min read·/nj/title-34/chapter-1b/34-1b-57

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On obligations purchased or monies otherwise invested by the Casino Reinvestment Development Authority as required by section 33 of P.L. 1984, c. 218 (C. 5:12-181), the authority shall covenant and agree to guarantee the Casino Reinvestment Development Authority at least the rate of return established by subsection d. of section 14 of P.L. 1984, c. 218 (C. 5:12-162). The Casino Reinvestment Development Authority shall have a priority interest with respect to obligations purchased or monies otherwise invested in the authority, so long as the security interest is perfected in the manner set forth within Title 12A of the New Jersey Statutes.
L. 1985, c. 386, s. 11, eff. Dec. 18, 1985.
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