Casino Reinvestment Development Authority
In this article we will explore Casino Reinvestment Development Authority from different perspectives, analyzing its impact on current society, as well as its historical relevance and possible future development. We will delve into its origins and evolution, examining its influence in different areas of daily life. Through interviews, studies and analysis, we will try to shed light on the importance of Casino Reinvestment Development Authority and how it has shaped the world we know. In addition, we will examine different opinions and points of view to offer a complete and enriching vision on this topic. Join us on this journey of exploration and inquiry about Casino Reinvestment Development Authority.
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| Agency overview | |
|---|---|
| Formed | 1984 |
| Jurisdiction | New Jersey |
| Headquarters | 15 S. Pennsylvania Ave. Atlantic City, NJ 08401 |
| Agency executives |
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| Website | http://www.njcrda.com/ |
The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state. From 1985 through April 2008, CRDA spent US$1.5 billion on projects in Atlantic City and US$300 million throughout New Jersey.
Reinvestment funds are received from New Jersey casinos, which are required by law to contribute 1.25% of gross revenue funds toward projects that are approved by the CRDA.
Composition
The CRDA has seventeen members as follows:
Four year terms
- Six members of the public are appointed by the Governor and confirmed by the Senate
- Two members recommended by the President of the Senate are appointed by the Governor
- Two members recommended by the Speaker of the General Assembly are appointed by the Governor
Two year term
- Two casino representatives are appointed by the Governor
Ex officio
- One member of the Casino Control Commission is appointed by the Governor
- The Mayor of Atlantic City
- The State Treasurer
- The Attorney General
- The Commissioner of the Department of Commerce and Economic Development or the Department of Community Affairs, or an additional member of the Casino Control Commission is appointed by the Governor
References
- ^ "30 Years of Casino Gaming"[permanent dead link], The Press of Atlantic City, accessed June 7, 2008
- ^ CRDA board structure Archived August 11, 2009, at the Wayback Machine, www.njcrda.com, accessed August 14, 2009
External links
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| National | |
