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2017 New Jersey Revised Statutes
TITLE 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Section 32:22B-10 - Acceptance of advances; prohibition against borrowing; expenditures
Universal Citation: NJ Rev Stat § 32:22B-10 (2017)
32:22B-10. Acceptance of advances; prohibition against borrowing; expenditures
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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