State of New Jersey
Casino Reinvestment Development Authority
Agency overview
Formed	1984
Jurisdiction	New Jersey
Headquarters	15 S. Pennsylvania Ave. Atlantic City, NJ 08401
Agency executives	Robert E. Mulcahy III, Chairman Matt Doherty, Executive Director
Website	http://www.njcrda.com/

Delhi Development Authority
Casino Reinvestment Development Authority (crda) Payment

The Casino Reinvestment Development Authority ('CRDA') is an independent authority which was created in 1984 by Chapter 218 of the laws of the State of New Jersey (N.J.S.A. 5:12-153, et seq.). The CRDA is responsible for investing a portion of the casino gaming industry's revenues. Matt Doherty is the new executive director of the Casino Reinvestment Development Authority (CRDA). Sources say that Doherty, the Mayor of Belmar, will December 25, 2019.

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.^[1]

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.

1Composition

Composition[edit]

The CRDA has seventeen members as follows:

Four year terms[edit]

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[edit]

Two casino representatives are appointed by the Governor

Ex officio[edit]

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^[2]

References[edit]

^'30 Years of Casino Gaming'^{[permanent dead link]}, The Press of Atlantic City, accessed June 7, 2008
^CRDA board structureArchived August 11, 2009, at the Wayback Machine, www.njcrda.com, accessed August 14, 2009

External links[edit]

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Casino_Reinvestment_Development_Authority&oldid=869996086'

State of New Jersey
Casino Reinvestment Development Authority
Agency overview
Formed	1984
Jurisdiction	New Jersey
Headquarters	15 S. Pennsylvania Ave. Atlantic City, NJ 08401
Agency executives	Robert E. Mulcahy III, Chairman Matt Doherty, Executive Director
Website	http://www.njcrda.com/

Casino Reinvestment Development Authority (crda)