New Jersey § 32:22B-10 Acceptance of advances;  prohibition against borrowing; expenditures

New Jersey Statutes

§ 32:22B-10 — Acceptance of advances; prohibition against borrowing; expenditures

New Jersey § 32:22B-10

Title 32INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS

This text of New Jersey § 32:22B-10 (Acceptance of advances; prohibition against borrowing; expenditures) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 32:22B-10 (2026).

Text

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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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.