New Jersey § 32:11D-66 Credit excluded;  officers, State and municipal

New Jersey Statutes

§ 32:11D-66 — Credit excluded; officers, State and municipal

New Jersey § 32:11D-66

Title 32INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS

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Bluebook

N.J. Stat. Ann. § 32:11D-66 (2026).

Text

The commission shall have no power to pledge the credit of any signatory party, or of any county or municipality, or to impose any obligation for payment of the bonds upon any signatory party or any county or municipality. Neither the commissioners nor any person executing the bonds shall be liable personally on the bonds of the commission or be subject to any personal liability or accountability by reason of the issuance thereof. L.1961, c. 13, p. 69, s. 12.3.

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The commission shall have no power to pledge the credit of any signatory party, or of any county or municipality, or to impose any obligation for payment of the bonds upon any signatory party or any county or municipality. Neither the commissioners nor any person executing the bonds shall be liable personally on the bonds of the commission or be subject to any personal liability or accountability by reason of the issuance thereof. L.1961, c. 13, p. 69, s. 12.3.