GroundRules
← Search the law
New York · Through 2026-09-11

N.Y. Bridges and Tunnels New York/New Jersey 47/31 § 8: No title

Read at publisher ↗
Where this section sits in the code
  1. Bridges and Tunnels New York/New Jersey 47/31

§ 8. The amount payable by the port authority to the state of New

Jersey pursuant to sections five and six of this act shall be paid by

the port authority to the sinking fund commission created by said

chapter three hundred and fifty-two of the laws of New Jersey of

nineteen hundred twenty and said chapter two hundred and sixty-two of

the laws of New Jersey of nineteen hundred twenty-four, hereinafter

called the New Jersey Camden bridge-Holland tunnel sinking fund

commission upon the thirtieth day of June, nineteen hundred thirty-one,

or such other date as may be agreed upon by the said sinking fund

commission and the port authority, upon a voucher signed and audited by

the said sinking fund commission, which said commission is hereby

authorized to consummate said transaction; and the said moneys shall be

deposited in the said New Jersey Camden bridge-Holland tunnel sinking

fund, and shall for all purposes be deemed to be a part thereof and

subject to the appropriation of the moneys in the said sinking fund,

made by the aforesaid statutes of the state of New Jersey.

The income and interest received from or accruing upon the moneys in

the aforesaid New Jersey Camden bridge-Holland tunnel sinking fund, and

from the investment thereof, shall be set apart and held by the said New

Jersey Camden bridge-Holland tunnel sinking fund commission for the

payment of interest on New Jersey Camden bridge-Holland tunnel bonds,

and shall be subject to the appropriation made of moneys so set apart

and held, by the aforesaid statutes of the state of New Jersey, and

shall be applied to the payment of such interest.

Collected 2026-09-14T19:32:44Z. Source file · JSON

Browse this collection