§ 52:18A-60 — Additional powers

The Authority shall have power in particular: a. to acquire, construct, maintain, equip, furnish, repair and operate a project or projects; b. to lease any project or part thereof, to contract for the use of any space in any project and to contract for services to be rendered by the Authority in connection with any project but such leases shall be only to, and such contracts only with, the State or any departments, agencies, and instrumentalities of the State; c. to establish, alter, charge and collect rents and other charges for the use of any project or part thereof or for any services rendered by the Authority in connection therewith at reasonable rates to be determined by the Authority for the purpose of providing for the payment of the expenses of the Authority, the construction, improvement, repair, equipping, furnishing, maintaining and operation of its facilities and properties; the payment of the principal of and interest on its obligations and to fulfill the terms and provisions of any agreements made with the purchasers or holders of any such obligations; d. to establish rules and regulations for the use of any project. L.1950, c. 255, p. 879, s. 11. Amended by L.1952, c. 224, p. 763, s. 5.