NJ S4704

Counties may establish a regional rehabilitation and reentry center authority through ordinances or resolutions, subject to Local Finance Board approval within 60 days, to develop and operate correctional facilities for inmates and pretrial detainees

The authority functions as a public body with taxing power, governed by a management committee with one representative appointed annually by each participating county's board of commissioners

Authorities may issue bonds for construction and operation costs, with bonds maturing up to 40 years and secured by revenues from the center; bondholders may appoint trustees to enforce rights in case of default

All authority property and income are exempt from state and local taxes, and corrections costs are removed from participating counties' budgets with corresponding cap adjustments

County tax contributions are calculated proportionally based on each county's Average Daily Population of inmates housed at the center during the previous year