28. a. The New Jersey Urban Enterprise Zone Authority, established pursuant to P.L.1983, c.303 (C. 52:27H-60 et seq.), is transferred in but not of the Department of Treasury, but notwithstanding this transfer, the New Jersey Urban Enterprise Zone Authority shall be independent of any supervision and control by the department or by any board or officer thereof.

b. Whenever, in any law, rule, regulation, order, contract, document, judicial or administrative proceeding or otherwise, reference is made to the New Jersey Urban Enterprise Zone Authority the same shall mean and refer to the New Jersey Urban Enterprise Zone Authority in but not of the Department of the Treasury.

c. This transfer shall be subject to the provisions of the “State Agency Transfer Act,” P.L.1971, c.375 (C. 52:14D-1 et seq.).

d. All clerical and professional assistants, and all personnel, procurement, budgetary and other administrative services necessary or incidental to the authority’s proper functioning shall be provided by and through the commission, and it shall, subject to the availability of funds, reimburse the commission for all administrative services provided to the authority.

e. The New Jersey Urban Enterprise Zone Authority may, subject to the commission’s approval, develop and promulgate such rules and regulations in accordance with the “Administrative Procedure Act,” P.L.1968, c.410 (C. 52:14B-1 et seq.) as are necessary to implement the provisions of this act and to effectuate the purposes of the New Jersey Urban Enterprise Zone Authority as provided by law.

f. Regulations adopted by the New Jersey Urban Enterprise Zone Authority shall continue with full force and effect until amended or repealed pursuant to law.

L.1998,c.44,s.28.