Statutes, codes, and regulations
New Jersey Statutes
Title 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Chapter 32:8 - PREAMBLE; AGREEMENT
Section 32:8-5 - Pledging credit of states, counties or municipalities prohibited

N.J. Stat. § 32:8-5

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Current through L. 2024, c. 80.
Section 32:8-5 - Pledging credit of states, counties or municipalities prohibited
ARTICLE IV.

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

N.J.S. § 32:8-5