N.J. Stat. § 52:27BBBB-23

Current through L. 2024, c. 87.

Section 52:27BBBB-23 - Atlantic City Review Commission

a. On January 1, 2025, there shall be established the Atlantic City Review Commission, to review and determine the efficacy of the payment in lieu of property tax program established by P.L. 2016, c. 5(C.52:27BBBB-18 et al.). Specifically, the commission shall determine: the economic vitality and viability of Atlantic City's casinos; the economic vitality and viability of Atlantic City's government; the effect of the payment in lieu of property tax program on the economic viability of the casinos, and on Atlantic City's ability to fund its own government and to provide services to the residents of Atlantic City; and the feasibility of continuing the payment in lieu of property tax program for an additional period of time.

b. The commission shall consist of seven members:

A member of the public, appointed by the Governor, who shall be the Chairperson of the Commission;

The Commissioner of Community Affairs, or the commissioner's designee;

The Atlantic City Mayor or the mayor's designee;

The Atlantic County Executive, or the county executive's designee;

A representative of the casino industry, appointed by the Governor;

A representative of a casino employees' union, appointed by the Governor upon the recommendation of the President of the Senate; and

A representative of the business community of Atlantic City, appointed by the Governor upon recommendation of the Speaker of the General Assembly. This member shall be a resident of Atlantic City and shall not be an executive or an employee of any of the casinos in Atlantic City. This member shall be appointed from, and shall represent on the commission, the interests of the non-gaming business interests in the city.

c. The commission shall issue its findings and recommendations in writing not later than July 1, 2025 to the Governor, the President of the Senate, and the Speaker of the General Assembly pursuant to section 2 of P.L. 1991, c.164 (C.52:14-19.1). The commission shall expire on the 30th day next following the issuance of those findings and recommendations.

N.J.S. § 52:27BBBB-23

Added by L. 2016, c. 5,s. 6, eff. 5/27/2016.

See L. 2016, c. 5, s. 13.