State Codes and Statutes

Statutes > New-jersey > Title-5 > Section-5-12 > 5-12-159

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.