reglab/housing_qa huggingface dataset:
NJ Rev Stat § 40:37B-28 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-28 - Appointment of receiver

40:37B-28. Appointment of receiver  If the bond resolution of an authority authorizing or providing for the issuance of a series of its bonds shall provide in substance that the holders of the bonds of such series shall be entitled to the benefits of section 27 of this act and shall further provide in substance that any trustee appointed pursuant to said section or having the powers of such a trustee shall have the powers provided by this section, then such trustee, whether or not all of the bonds of such series shall have been declared due and payable, shall be entitled to the appointment of a receiver of the public facility or facilities of the authority, and such receiver may enter upon and take possession of such public facility or facilities and, subject to any pledge or contract with the holders of bonds of the authority, shall take possession of all moneys and other property derived from or applicable to the acquisition, construction, operation, maintenance or reconstruction of such public facility or facilities and proceed with such acquisition, construction, operation, maintenance or reconstruction which the authority is under any obligation to do, and operate, maintain and reconstruct such public facility or facilities and fix, charge, collect, enforce and receive the facility charges and all facility revenues thereafter arising subject to any pledge thereof or contract with the holders of bonds relating thereto and perform the public duties and carry out the contracts and obligations of the authority in the same manner as the authority itself might do and under the direction of the court. L.1967, c. 136, s. 28, eff. June 28, 1967.
NJ Rev Stat § 40:37B-29 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-29 - Negotiability of bonds or other obligations

40:37B-29. Negotiability of bonds or other obligations  Any provision of law to the contrary notwithstanding any bond or other obligation issued pursuant to this act shall be fully negotiable within the meaning and for all purposes of the law merchant and laws applicable to negotiable instruments, and each holder or owner of such a bond or obligation, or of any coupon appurtenant thereto, by accepting such bond or coupon shall be conclusively deemed to have agreed that such bond, obligation or coupon is and shall be fully negotiable within the meaning and for all purposes of said law merchant and laws applicable to negotiable instruments. L.1967, c. 136, s. 29, eff. June 28, 1967.
NJ Rev Stat § 40:37B-30 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-30 - Liability on bonds

40:37B-30. Liability on bonds  Neither the members of the authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance thereof. Bonds or other obligations issued pursuant to this act shall not be in any way a debt or liability of the State or of any subdivision thereof, and shall not create or constitute any indebtedness, liability or obligation of the State or of any such subdivision. Nothing in this act contained shall be construed to authorize any authority to incur any indebtedness on behalf of or in any way to obligate the State or any subdivision thereof. L.1967, c. 136, s. 30, eff. June 28, 1967.
NJ Rev Stat § 40:37B-31 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-31 - Acquisition of property; eminent domain

40:37B-31. Acquisition of property; eminent domain  Every authority is hereby empowered, in its own name but for the county to acquire by purchase, gift, grant or devise and to take for public use real property, within or without the county or any interest therein which may be deemed by the authority necessary for its purposes. Such authority is hereby empowered to acquire and take such real property by condemnation in the manner provided by chapter 1 of Title 20, Eminent Domain, of the Revised Statutes (R.S. 20:1-1 et seq.) and, to that end may invoke and exercise in the manner or mode prescribed in said chapter, either in its own name or in the name of the county, all the powers of such county to acquire or take property for public use; property already devoted to a public use may be acquired in like manner; provided, however, that no action for condemnation shall be brought against a public body or any corporation itself possessing the power of eminent domain without its consent; and provided, further, that notwithstanding the foregoing or any other provision of this act, the governing body of the county may provide in the resolution creating the authority that the authority shall not take by condemnation any real property except upon consent thereto by such governing body given by resolution duly adopted. L.1967, c. 136, s. 31, eff. June 28, 1967.
NJ Rev Stat § 40:37B-32 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-32 - Additional powers

40:37B-32. Additional powers  In addition to the other powers conferred upon it by this act or by any other law and not in limitation thereof, every authority, in connection with construction or operation of any public facility, shall have power to make reasonable regulations for the installation, construction, maintenance, repair, renewal, relocation and removal of tracks, pipes, mains, conduits, cables, wires, towers, poles or any other equipment and appliances (in this section called "works" ) of any public utility as defined in section 48:2-13 of the Revised Statutes, in, on, along, over or under any real property, including public lands or waters. Whenever in connection with construction or operation of any public facility, any authority shall determine that it is necessary that any such works, which now are or hereafter may be located in, on, along, over or under any such real property, should be relocated in such real property or should be removed therefrom, the public utility owning or operating such works shall relocate or remove the same in accordance with the order of the authority; provided, however, that the cost and expenses of such relocation or removal, including the cost of installing such works in a new location or new locations, and the cost of any lands or any rights or interest in lands or any other rights acquired to accomplish such relocation or removal, less the cost of any lands or any rights, or interests in lands or any other rights of the public utility paid to the public utility in connection with the relocation or removal of such works, shall be paid by the authority and may be included in the cost of such public facility. In case of any such relocation or removal of works as aforesaid, the public utility owning or operating the same, its successors or assigns, may maintain and operate such works, with the necessary appurtenances, in the new location or new locations for as long a period, and upon the same terms and conditions, as it had the right to maintain and operate such works in their former location. L.1967, c. 136, s. 32, eff. June 28, 1967.
NJ Rev Stat § 40:37B-33 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-33 - Aid and co-operation of counties or municipalities; powers

40:37B-33. Aid and co-operation of counties or municipalities; powers  For the purpose of aiding an authority and co-operating in the planning, undertaking, acquisition, construction or operation of any public facility, the county or any municipality in the county may (a) acquire real property in its name for such public facility or for the widening of existing roads, streets, parkways, avenues or highways or for new roads, streets, parkways, avenues or highways to any such public facility, or partly for such purposes and partly for other county or municipal purposes, by purchase or condemnation in the manner provided by law for the acquisition of real property by such county or municipality, (b) furnish, dedicate, close, vacate, pave, install, grade, regrade, plan or replan parks, streets, roads, roadways, alleys, sidewalks or other places which it is otherwise empowered to undertake, and (c) do any and all things necessary or convenient to aid and co-operate in the planning, undertaking, construction or operation of any such public facility, and cause services to be furnished to the authority of any character which such county or municipality is otherwise empowered to furnish, and to incur the entire expense thereof. L.1967, c. 136, s. 33, eff. June 28, 1967.
NJ Rev Stat § 40:37B-34 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-34 - Sale, lease, loan, grant or conveyance of, or permit to use, real or personal property of county or municipality

40:37B-34. Sale, lease, loan, grant or conveyance of, or permit to use, real or personal property of county or municipality  Any county by resolution of its governing body, municipality by ordinance of its governing body, governmental unit or person is hereby empowered, without any referendum or public or competitive bidding, to sell, lease, lend, grant or convey to an authority, or to permit an authority to use, maintain or operate as part of any public facility, any real or personal property which may be necessary or useful and convenient for the purposes of the authority and accepted by the authority. Any such sale, lease, loan, grant, conveyance or permit may be made or given with or without consideration and for a specified or an unlimited period of time and under any agreement and on any terms and conditions which may be approved by such county, municipality, governmental unit or person and which may be agreed to by the authority in conformity with its contracts with the holders of any bonds. Subject to any such contracts with the holders of bonds, the authority may enter into and perform any and all agreements with respect to property so purchased, leased, borrowed, received or accepted by it, including agreements for the assumption of principal or interest or both of indebtedness of such county, municipality, governmental unit or person or of any mortgage or lien existing with respect of such property or for the operation and maintenance of such property as part of any public facility. L.1967, c. 136, s. 34, eff. June 28, 1967.
NJ Rev Stat § 40:37B-35 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-35 - Appropriation of money by counties or municipalities; loans or donations to authority

40:37B-35. Appropriation of money by counties or municipalities; loans or donations to authority  For the purpose of aiding an authority and co-operating in the planning, undertaking, acquisition, construction or operation of any public facility, the county by resolution of its governing body, or any municipality in the county by ordinance of its governing body, shall have power from time to time and for such period and upon such terms, with or without consideration, as may be provided by such resolution or ordinance and accepted by the authority (a) to appropriate moneys for the purposes of the authority, and to loan or donate such money to the authority in such installments and upon such terms as may be agreed upon with the authority, (b) to covenant and agree with the authority to pay to or on the order of the authority annually or at shorter intervals as a subsidy for the promotion of its purposes not exceeding such sums of money as may be stated in such resolution or ordinance or computed in accordance therewith, (c) upon authorization by it in accordance with law of the performance of any act or thing which it is empowered by law to authorize and perform and after appropriation of the moneys (if any) necessary for such performance, to covenant and agree with the authority to do and perform such act or thing and as to the time, manner and other details of its doing and performance, and (d) to appropriate money for all or any part of the cost of acquisition or construction of such public facility, and, in accordance with the limitations and any exceptions thereto and in the manner or mode of procedure prescribed by the Local Bond Law (40A:2-1 et seq.) of the New Jersey Statutes, to incur indebtedness, borrow money and issue, its negotiable bonds for the purpose of financing such public facility and appropriation, and to pay the proceeds of such bonds to the authority. L.1967, c. 136, s. 35, eff. June 28, 1967.
NJ Rev Stat § 40:37B-36 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-36 - Lease by county or municipality for use of public facilities

40:37B-36. Lease by county or municipality for use of public facilities  Any county, municipality, governmental unit or person is hereby empowered to enter into and perform any lease or other agreement with an authority for the lease to or use by such county, municipality, governmental unit or person of all or any part of any public facility or facilities. Any such lease or other agreement may provide for the payment to the authority by such county, municipality, governmental unit or persons annually or otherwise of such sum or sums of money, computed at fixed amounts or by any formula or in any other manner, as may be fixed in or pursuant thereto. Any such lease or other agreement may be made and entered into for a term beginning currently or at some future or contingent date and with or without consideration and for a specified or unlimited time and on any terms and conditions which may be approved by such county, municipality, governmental unit or person and which may be agreed to by the authority in conformity with its contracts with the holders of any bonds, and shall be valid and binding on such county, municipality, governmental unit or person whether or not an appropriation is made thereby prior to authorization or execution of such lease or other agreement. Every such county, municipality, governmental unit or person is hereby authorized and directed to do and perform any and all acts and things necessary, convenient or desirable to carry out and perform any such lease or other agreement entered into by it and to provide for the payment or discharge of any obligation thereunder in the same manner as other obligations of such county, municipality, governmental unit or person. L.1967, c. 136, s. 36, eff. June 28, 1967.
NJ Rev Stat § 40:37B-37 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-37 - Mortgage, pledge, encumbrance or other disposal of public facilities

40:37B-37. Mortgage, pledge, encumbrance or other disposal of public facilities  Except as otherwise expressly hereinabove provided with respect to the right of the authority to grant by franchise, lease or otherwise the use of any public facility or facilities owned or controlled by it, the authority shall not mortgage, pledge, encumber or otherwise dispose of any part of the public facilities, except that the authority may dispose of such part or parts thereof as may be no longer necessary for the purposes of the authority. The provisions of this section shall be deemed to constitute a part of the contract with the holder of any bonds. L.1967, c. 136, s. 37, eff. June 28, 1967.
NJ Rev Stat § 40:37B-38 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-38 - Exemption of property of authority from levy and sale

40:37B-38. Exemption of property of authority from levy and sale  All property of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same, nor shall any judgment against an authority be a charge or lien upon its property; provided, that nothing herein contained shall apply to or limit the rights of the holder of any bonds to pursue any remedy for the enforcement of any pledge or lien given by an authority on its facility revenues or other moneys. L.1967, c. 136, s. 38, eff. June 28, 1967.
NJ Rev Stat § 40:37B-39 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-39 - Annual payments to municipalities in lieu of taxes

40:37B-39. Annual payments to municipalities in lieu of taxes  Every authority and every municipality in which any property of the authority is located are hereby authorized and empowered to enter into agreements with respect to the payment by the authority to such municipality of annual sums of money in lieu of taxes on such property in such amounts as may be agreed upon between the authority and the municipality, and each such authority is empowered to make such payments and each such municipality is empowered to accept such payments and to apply them in the manner in which taxes may be applied in such municipality; provided, however, that no such annual payment with respect to any parcel of such property shall exceed the amount of taxes paid thereon for the taxable year immediately prior to the time of its acquisition by the authority. L.1967, c. 136, s. 39, eff. June 28, 1967.
NJ Rev Stat § 40:37B-40 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-40 - Bonds as legal investments

40:37B-40. Bonds as legal investments  Notwithstanding any restriction contained in any other law, the State and all public officers, municipalities, counties, political subdivisions and public bodies, and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, money or other funds belonging to them or within their control in any bonds issued pursuant to this act and such bonds shall be authorized security for any and all public deposits. L.1967, c. 136, s. 40, eff. June 28, 1967.
NJ Rev Stat § 40:37B-41 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-41 - Tax exemption

40:37B-41. Tax exemption  All public facilities and all other properties of an authority are hereby declared to be public property of a political subdivision of the State and 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 hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and to be a public instrumentality and such bonds, and the interest thereon and the income therefrom, and all facility charges, funds, revenues and other moneys pledged or available to pay or secure the payment of such bonds, or interest thereon, shall at all times be exempt from taxation except for transfer, inheritance and estate taxes and taxes on transfers by or in contemplation of death. L.1967, c. 136, s. 41, eff. June 28, 1967.
NJ Rev Stat § 40:37B-42 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-42 - Guarantee of vested rights of bondholders

40:37B-42. Guarantee of vested rights of bondholders  The State of New Jersey does hereby pledge and covenant and agree with the holders of any bonds issued pursuant to a bond resolution of an authority adopted pursuant to this act that the State will not limit or alter the rights hereby vested in the authority to acquire, construct, maintain, reconstruct, operate, sell, lease or dispose of any public facility or to fix, establish, charge and collect its facility charges or other moneys and to fulfill the terms of any agreement made with the holders of such bonds or other obligations, so as to in any way impair the rights or remedies of such holders, and will not modify in any way the exemptions from taxation provided for in this act until the bonds, together with interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged or provided for. L.1967, c. 136, s. 42, eff. June 28, 1967.
NJ Rev Stat § 40:37B-43 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-43 - Undertaking for deposits of authority

40:37B-43. Undertaking for deposits of authority  All banks, bankers, trust companies, saving banks, investment companies and other persons carrying on a banking business are hereby authorized to give to any authority a good and sufficient undertaking with such sureties as shall be approved by the authority to the effect that such bank or banking institution as hereinbefore described shall faithfully keep and pay over to the order of or upon warrant of the authority or its authorized agent all such funds as may be deposited with it by the authority and agreed interest thereon, at such times or upon such demands as may be agreed upon with the authority or, in lieu of such sureties, deposit with the authority or its authorized agent or any trustee therefor or for the holders of any bonds as collateral, such securities as the authority may approve. The deposits of the authority may be evidenced by a depository collateral agreement in such form and upon such terms and conditions as may be agreed upon by the authority and such bank or banking institution. L.1967, c. 136, s. 43, eff. June 28, 1967.
NJ Rev Stat § 40:37B-44 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-44 - Annual audit

40:37B-44. Annual audit  Each authority shall cause an annual audit of its accounts to be made and for this purpose it shall employ a registered municipal accountant of New Jersey or a certified public accountant of New Jersey. The audit shall be completed and filed with the authority within 4 months after the close of the fiscal year of the authority and a certified duplicate copy thereof shall be filed in the office of the Division of Local Government in the Department of the Treasury and in the office of the treasurer of the county, within 5 days after the original report is filed with the authority. L.1967, c. 136, s. 44, eff. June 28, 1967.
NJ Rev Stat § 40:37B-45 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:37B-45 - Filing of copy of bond resolution

40:37B-45. Filing of copy of bond resolution  Each authority shall file a certified copy of each bond resolution adopted by it in the office of the Division of Local Government in the Department of the Treasury, together with a certified summary of the dates, amounts, maturities and interest rates of all bonds to be issued pursuant thereto prior to the issuance of any such bonds. Upon the adoption of each annual budget of an authority or an amendment thereof, a certified copy thereof shall be filed forthwith in the office of said Division of Local Government. L.1967, c. 136, s. 45, eff. June 28, 1967.