Terms Used In New Jersey Statutes 52:18A-78.2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
2. As used in this act, unless the context clearly indicates otherwise:

a. “Authority” means the New Jersey Building Authority created under this act.

b. “Bonds” means bonds issued by the authority pursuant to this act.

c. “Building” includes any portion thereof, such as an apartment created under the “Horizontal Property Act,” P.L.1963, c.168 (C. 46:8A-1 et seq.) or a unit created under the “Condominium Act,” P.L.1969, c.257 (C. 46:8B-1 et seq.).

d. “Local governmental agency” means any municipality, county, school district, or any agency, department or instrumentality of any of the foregoing, or any other public body having local or regional jurisdiction or powers and not constituting a State agency.

e. “Notes” means notes issued by the authority pursuant to this act.

f. “Project” means any building or buildings, including related structures, parking facilities, improvements, real and personal property or any interest therein, including lands under water, space rights and air rights, and other appurtenances and facilities necessary or convenient to the use or operation of the building or buildings, acquired, owned, constructed, reconstructed, extended, rehabilitated , renovated, preserved or improved by the authority for the purposes set forth in section 8 of P.L.1992, c.174 (C. 52:18A-78.5a).

g. “State agency” means the Executive, Legislative or Judicial branch of the State Government or any officer, department, board, commission, bureau, division, public authority or corporation, agency or instrumentality of the State.

h. “Historic public building” means a building that is owned by a governmental agency and that is on or eligible for State or National Registers of Historic Places.

L.1981,c.120,s.2; amended 1983,c.138,s.1; 1992,c.174,s.1.