New Jersey Statutes
§ 32:22B-10 — Acceptance of advances; prohibition against borrowing; expenditures
New Jersey·Title 32 INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
The commission may accept advances from one or more of the party States or from the Federal Government; but it may not otherwise borrow money nor may it issue notes or bonds. It shall not incur any obligation in excess of the amounts appropriated or otherwise available to it or for its purposes and each of its expenditures shall be within the terms of the annual budget hereinbefore mentioned. L.1965, c. 12, s. 1.
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Nearby Sections
15
§ 32:22B-1
Tri-State Transportation Compact§ 32:22B-12
Annual report, periodic financial reports§ 32:22B-13
Definitions§ 32:22B-14
Liberal construction§ 32:22B-15
Duration of commission§ 32:22B-16
Adoption of amendments and supplements§ 32:22B-17
Partial invalidity§ 32:22B-18
Citation of compact§ 32:22B-20
Effective date§ 32:22B-21
Severability.