New Jersey Statutes
§ 32:36-24 — Dissolution.
New Jersey·Title 32 INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
24.The Commission shall dissolve following a joint determination by the Governor of New Jersey and the Governor of New York that the Project has been completed or should be transferred to another agency, instrumentality or entity and: any bonds or other securities issued and any other debt incurred for such Project purposes have been repaid or arrangements have been made to ensure such repayment in full, without impairment of credit worthiness; and Amtrak is not unduly prejudiced by such dissolution. L.2019, c.195, s.24.
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Nearby Sections
15
§ 32:36-1
Short title.§ 32:36-10
Commission annual financial reporting.§ 32:36-12
Debt issuance.§ 32:36-13
Capital plan.§ 32:36-14
Operating budget.§ 32:36-15
Minutes.§ 32:36-16
Contracts of the commission.§ 32:36-17
Subsidiaries of the commission.§ 32:36-2
Gateway Development Commission.§ 32:36-20
State commitment.§ 32:36-21
Facilitation of portion of Project.§ 32:36-22
Cooperation with commission.