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Section 32:2-23.32 - Capital expenditures; financing

NJ Rev Stat § 32:2-23.32 (2019) (N/A)
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32:2-23.32. Capital expenditures; financing

Any capital expenditures by the port authority for buses and ancillary bus facilities to be leased, sold, transferred or otherwise disposed of pursuant to this act shall be made with the proceeds of consolidated bonds of the port authority, which may be issued to finance such capital expenditures, and such capital expenditures shall be a part of and shall not exceed the allocations for passenger facilities to be made from time to time as determined in accordance with subsection i. of section 1 of this act.

L.1979, c. 33, s. 6.

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