The Casino Reinvestment Development Authority or CRDA is a
New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...
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
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
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
A general assembly or general meeting is a meeting of all the members of an organization or shareholders of a company.
Specific examples of general assembly include:
Churches
* General Assembly (presbyterian church), the highest court of presb ...
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
In many countries, a mayor is the highest-ranking official in a municipal government such as that of a city or a town. Worldwide, there is a wide variance in local laws and customs regarding the powers and responsibilities of a mayor as well ...
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
CRDA Senior Staff
/ref>
External links
Official Website
{{authority control
Atlantic City, New Jersey
Gambling in New Jersey
Government agencies established in 1984
State agencies of New Jersey