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New Jersey Statutes, Title: 32, INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS

    Chapter 3: Preamble; agreement

      Section: 32:3-8: Pledging credit or creating debt of states, counties or municipalities prohibited

           ARTICLE VII.

Notwithstanding any provision of this agreement, the commission shall have no power to pledge the credit of the commonwealth of Pennsylvania or the credit of the state of New Jersey or the credit of any county, city, borough, village, township or other municipality of said commonwealth or of said state, or to create any debt of said commonwealth or of said state or of such municipality.



This section added to the Rutgers Database: 2012-09-26 13:37:50.






Older versions of 32:3-8 (if available):



Court decisions that cite this statute: CLICK HERE.