2009 New Jersey Code
TITLE 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Section 32:23
32:23-58 - Assessment of expenses upon employers

32:23-58.  Assessment of expenses upon employers
    After taking into account such funds as may be available to it from reserves, Federal grants or otherwise, the balance of the commission's budgeted  expenses shall be assessed upon employers of persons registered or licensed  under this compact.  Each such employer shall pay to the commission an  assessment computed upon the gross payroll payments made by such employer to  longshoremen, pier superintendents, hiring agents and port watchmen for work or  labor performed within the port of New York district, at a rate, not in excess  of two per cent, computed by the commission in the following manner:  the  commission shall annually estimate the gross payroll payments to be made by  employers subject to assessment and shall compute a rate thereon which will  yield revenues sufficient to finance the commission's budget for each year.   Such budget may include a reasonable amount for a reserve but such amount  shall not exceed ten per cent of the total of all other items of expenditure  contained therein.  Such reserve shall be used for the stabilization of annual  assessments, the payment of operating deficits and for the repayment of  advances made by the two States.

     L.1953, c. 202, p. 1538, Part I, s. 1, Art. XIII, par. 3.