N.J. Stat. § 40:37B-11: Creation of other authority for same or similar purposes prohibited

No governing body which may create an authority pursuant to this act for any of the purposes hereinbefore set out shall thereafter create any other authority for the same or similar purpose which will be competitive with the public services to be rendered or furnished by the authority first established.

L.1967, c. 136, s. 11, eff. June 28, 1967.