reglab/housing_qa huggingface dataset:
NJ Rev Stat § 32:1-35.60 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.60 - Taxes and assessments

32:1-35.60. Taxes and assessments  The port authority shall be required to pay no taxes or assessments upon any of the property acquired or used by it for any of the purposes of this act or upon any deed, mortgage or other instrument affecting such property or upon the recording of any such instrument. However, to the end that no municipality shall suffer undue loss of taxes and assessments by reason of the acquisition and ownership of property by the port authority for any of the purposes of this act, the port authority is hereby authorized and empowered, in its discretion, to enter into a voluntary agreement or agreements with any municipality whereby the port authority will undertake to pay in lieu of taxes a fair and reasonable sum or sums annually in connection with any real property acquired and owned by the port authority for any of the purposes of this act. Such sums in connection with any real property acquired and owned by the port authority for any of the purposes of this act shall not be more than the sum last paid as taxes upon such real property prior to the time of its acquisition by the port authority; provided, however, that in connection with any portion of the Hudson tubes-world trade center area acquired and owned by the port authority for any of the purposes of this act, after such property is improved pursuant to this act with world trade center buildings, structures or improvements greater in value than the buildings, structures or improvements on such Hudson tubes-world trade center area at the time of its acquisition by the port authority, then, with regard to such greater value, such sum or sums may be increased by such additional sum or sums annually as may be agreed upon between the port authority and the city of New York which will not include any consideration of the exhibit areas of the world trade center or of any areas which would be tax exempt in their own right if title were in the governmental occupants or of other areas accommodating services for the public or devoted to general public use. Each such municipality is hereby authorized and empowered to enter into such agreement or agreements with the port authority and to accept the payment or payments which the port authority is hereby authorized and empowered to make, and the sums so received by such municipality shall be devoted to purposes to which taxes may be applied unless and until otherwise directed by law of the State in which such municipality is located. L.1962, c. 8, s. 11.
NJ Rev Stat § 32:1-35.62 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.62 - Bonds as authorized investment

32:1-35.62. Bonds as authorized investment  The bonds issued by the port authority to provide funds for any of the purposes of this act are hereby made securities in which all State and municipal officers and bodies of both States, all trust companies and banks other than savings banks, all building and loan associations, savings and loan associations, investment companies and other persons carrying on a commercial banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries, and all other persons whatsoever (other than savings banks), who are now or may hereafter be authorized by either State to invest in bonds of such State, may properly and legally invest any funds, including capital, belonging to them or within their control, and said bonds are hereby made securities which may properly and legally be deposited with and shall be received by any State or municipal officer or agency of either State for any purpose for which the deposit of bonds of such State is now or may hereafter be authorized. The bonds issued by the port authority to provide funds for any of the purposes of this act as security for which the general reserve fund shall have been pledged in whole or in part are hereby made securities in which all savings banks also may properly and legally invest any funds, including capital, belonging to them or within their control. L.1962, c. 8, s. 13.
NJ Rev Stat § 32:1-35.64 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.64 - Entry upon property for purpose of surveys, etc.

32:1-35.64. Entry upon property for purpose of surveys, etc.  The port authority and its duly authorized agents, and all persons acting under its authority and by its direction, may enter in the daytime into and upon any real property for the purpose of making such surveys, diagrams, maps, plans, soundings or borings as the port authority may deem necessary, convenient or desirable for any of the purposes of this act. L.1962, c. 8, s. 15.
NJ Rev Stat § 32:1-35.65 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.65 - Governmental nature and public purpose of other port authority facilities; nature of powers conferred

32:1-35.65. Governmental nature and public purpose of other port authority facilities; nature of powers conferred  Any declarations contained herein with respect to the governmental nature and public purpose of the world trade center, Hudson tubes and Hudson tubes extensions and to the exemption of the world trade center, Hudson tubes and Hudson tubes extensions property and instruments relating thereto from taxation and to the discretion of the port authority with respect to said facilities shall not be construed to imply that other port authority facilities, property and operations are not of a governmental nature or do not serve public purposes, or that they are subject to taxation, or that the determinations of the port authority with respect thereto are not conclusive. The powers hereby vested in the port authority and in any subsidiary corporation incorporated for any of the purposes of this act (including but not limited to the power to acquire real property by condemnation) shall be continuing powers and no exercise thereof by the port authority or a subsidiary corporation incorporated for any of the purposes of this act shall be deemed to exhaust them or any of them. L.1962, c. 8, s. 16.
NJ Rev Stat § 32:1-35.66 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.66 - Act as agreement supplementing compact; construction of powers

32:1-35.66. Act as agreement supplementing compact; construction of powers  This section and the preceding sections hereof constitute an agreement between the States of New York and New Jersey supplementary to the compact between the 2 States dated April 30, 1921 and amendatory thereof, and shall be liberally construed to effectuate the purposes of said compact and of the comprehensive plan heretofore adopted by the 2 States, and the powers granted to the port authority shall be construed to be in aid of and not in limitation or in derogation of any other powers heretofore conferred upon or granted to the port authority. L.1962, c. 8, s. 17.
NJ Rev Stat § 32:1-35.67 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.67 - Severability

32:1-35.67. Severability  If any section, part, phrase, or provision of this act or the application thereof to any person or circumstances be adjudged invalid by any court of competent jurisdiction, so long as the act or remainder of the act shall nonetheless permit the effectuation, as a unified project, of the Hudson tubes, Hudson tubes extensions and the world trade center, such judgment shall be confined in its operation to the section, part, phrase, provision or application directly involved in the controversy in which such judgment shall have been rendered and shall not affect or impair the validity of the remainder of this act or the application thereof to other persons or circumstances and the 2 States hereby declare that they would have entered into this act or the remainder thereof had the invalidity of such provision or application thereof been apparent. L.1962, c. 8, s. 18.
NJ Rev Stat § 32:1-35.68 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.68 - Effective date

32:1-35.68. Effective date  This act shall take effect upon the enactment into law by the State of New York of legislation having an identical effect with this act, but if the State of New York has already enacted such legislation, this act shall take effect immediately. L.1962, c. 8, s. 19.
NJ Rev Stat § 32:1-35.75 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.75 - General reserve fund or revenues; pledge or application to fulfill purposes of act or pay bonds

32:1-35.75. General reserve fund or revenues; pledge or application to fulfill purposes of act or pay bonds  The moneys in the general reserve fund may be pledged in whole or in part by the port authority as security for or applied by it to the repayment with interest of any moneys which it may raise upon bonds issued or incurred by it from time to time for any of the purposes of this act or upon bonds secured in whole or in part by the pledge of the revenues from any industrial development project or facility or any portion thereof or upon bonds both so issued or incurred and so secured; and the moneys in said general reserve fund may be applied by the port authority to the fulfillment of any other undertakings which it may assume to or for the benefit of the holders of any such bonds. Subject to prior liens and pledges and to the obligation of the port authority to apply revenues to the maintenance of its general reserve fund in the amount prescribed by the general reserve fund statutes, the revenues from facilities established, constructed, acquired or otherwise effectuated through the issuance or sale of bonds of the port authority secured in whole or in part by a pledge of its general reserve fund or any portion thereof may be pledged in whole or in part as security for or applied by it to any of the purposes of this act, including the repayment with interest of any moneys which it may raise upon bonds issued or incurred from time to time for any of the purposes of this act or upon bonds secured in whole or in part by the pledge of the revenues of the port authority from any industrial development project or facility or any portion thereof or upon bonds both so issued or incurred and so secured; and said revenues may be applied by the port authority to the fulfillment of any other undertakings which it may assume to or for the benefit of the holders of such bonds. L.1978, c. 110, s. 4, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.76 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.76 - Surplus revenues; application to establishment and maintenance of general reserve fund

32:1-35.76. Surplus revenues; application to establishment and maintenance of general reserve fund  In all cases where the port authority has raised or shall hereafter raise moneys for any of the purposes of this act by the issue and sale of bonds which are secured in whole or in part by a pledge of the general reserve fund or any portion thereof, the surplus revenues from industrial development projects or facilities financed in whole or in part out of the proceeds of such bonds and the surplus revenues from any other port authority facility the surplus revenues of which at such time may be payable into the general reserve fund shall be pooled and applied by the port authority to the establishment and maintenance of the general reserve fund in an amount equal to one-tenth of the par value of all bonds legal for investment, as defined in the general reserve fund statutes, issued by the port authority and currently outstanding, including such bonds issued for any of the purposes of this act; and all such moneys in said general reserve fund may be pledged and applied in the manner provided in the general reserve fund statutes. In the event that any time the balance of moneys theretofore paid into the general reserve fund and not applied therefrom shall exceed an amount equal to one-tenth of the par value of all bonds upon the principal amount of which the amount of the general reserve fund is calculated, by reason of the retirement of bonds issued or incurred from time to time for any of the purposes of this act the par value of which had theretofore been included in the computation of said amount of the general reserve fund, then the port authority may pledge or apply such excess for and only for the purposes for which it is authorized by the general reserve fund statutes to pledge the moneys in the general reserve fund and such pledge may be made in advance of the time when such excess may occur. L.1978, c. 110, s. 5, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.77 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.77 - Covenant with bondholders

32:1-35.77. Covenant with bondholders  The two states covenant and agree with each other and with the holders of any bonds issued by the port authority for the purposes of this act, that so long as any of such bonds remain outstanding and unpaid and the holders thereof shall not have given their consent as provided in their contract with the port authority, the two states shall not diminish or impair the power of the port authority to establish, levy and collect rentals, fares, fees or other charges in connection with industrial development projects or facilities or any other facility owned or operated by the port authority the revenues of which have been or shall be pledged in whole or in part as security for such bonds, directly or indirectly, or through the medium of the general reserve fund or otherwise, or to determine the quantity, quality, frequency or nature of any services provided by the port authority in connection with the operation of each such project or facility. This section shall not affect or diminish the provisions of section 12 of this act. L.1978, c. 110, s. 6, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.80 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.80 - Suits, actions or proceedings

32:1-35.80. Suits, actions or proceedings  The States of New York and New Jersey hereby consent to suits, actions or proceedings by any municipality, public authority, agency or commission against the port authority upon, in connection with or arising out of any agreement, or any amendment thereof, entered into for any of the purposes of this act, as follows: a. For judgments, orders or decrees restraining or enjoining the port authority from transferring title to real property to other persons in cases where it has agreed with said municipality, public authority, agency, or commission for transfer of such title to the municipality, public authority, agency or commission; and b. For judgments, orders or decrees restraining or enjoining the port authority from committing or continuing to commit other breaches of such agreement or any amendment thereof; provided, that such judgment, order or decree shall not be entered except upon 2 days' prior written notice to the port authority of the proposed entry thereof; and provided further that upon appeal taken by the port authority from such judgment, order or decree the service of the notice of appeal shall perfect the appeal and stay the execution of such judgment, order or decree appealed from without an undertaking or other security. Nothing herein contained shall be deemed to revoke, rescind or affect any consent to suits, actions, or proceedings against the port authority heretofore given by the two said states in chapter 301 of the laws of New York of 1950 and chapter 204 of the laws of New Jersey of 1951. L.1978, c. 110, s. 9, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.81 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.81 - Effectuation of purposes of act as constituting essential governmental function

32:1-35.81. Effectuation of purposes of act as constituting essential governmental function  The effectuation of industrial development projects or facilities or any such projects or facilities constituting a portion of any industrial development project or facility, are and will be in all respects for the benefit of the people of the States of New York and New Jersey, for the increase of their commerce and prosperity and for the improvement of their health and living conditions; and the port authority and any subsidiary corporation incorporated for any of the purposes of this act shall be regarded as performing an essential governmental function in undertaking the effectuation thereof, and in carrying out the provisions of law relating thereto. L.1978, c. 110, s. 10, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.84 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.84 - Bonds as authorized investment

32:1-35.84. Bonds as authorized investment  The bonds issued by the port authority to provide funds for any of the purposes of this act are hereby made securities in which all state and municipal officers and bodies of both states, all trust companies and banks other than savings banks, all building and loan associations, savings and loan associations, investment companies and other persons carrying on a commercial banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries, and all other persons whatsoever other than savings banks, who are now or may hereafter be authorized by either state to invest in bonds of such state, may properly and legally invest any funds, including capital, belonging to them or within their control, and said bonds are hereby made securities which may properly and legally be deposited with and shall be received by any state or municipal officer or agency of either state for any purpose for which the deposit of bonds of such state is now or may hereafter be authorized. The bonds issued by the port authority to provide funds for any of the purposes of this act as security for which the general reserve fund shall have been pledged in whole or in part are hereby made securities in which all savings banks also may properly and legally invest any funds including capital, belonging to them or within their control. L.1978, c. 110, s. 13, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.86 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.86 - Entry upon property for purpose of surveys, etc.

32:1-35.86. Entry upon property for purpose of surveys, etc.  The port authority and its duly authorized agents, and all persons acting under its authority and by its direction, may enter in the daytime into and upon any real property for the purpose of making such surveys, diagrams, maps, plans, soundings or borings as the port authority may deem necessary, convenient or desirable for any of the purposes of this act. L.1978, c. 110, s. 15, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.87 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.87 - Governmental nature and public purpose of other port authority facilities; nature of powers conferred

32:1-35.87. Governmental nature and public purpose of other port authority facilities; nature of powers conferred  Any declarations contained herein with respect to the governmental nature and public purpose of any industrial development project of facility and to the exemption of any industrial development project or facility property and instruments relating thereto from taxation and to the discretion of the port authority with respect to said projects or facilities shall not be construed to imply that other port authority facilities, property and operations are not of a governmental nature or do not serve public purposes, or that they are subject to taxation, or that the determinations of the port authority with respect thereto are not conclusive. The powers hereby vested in the port authority and in any subsidiary corporation incorporated for any of the purposes of this act including but not limited to the power to acquire real property by condemnation or the exercise of the right or eminent domain shall be continuing powers and no exercise thereof by the port authority or a subsidiary corporation incorporated for any of the purposes of this act shall be deemed to exhaust them or any of them. L.1978, c. 110, s. 16, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.88 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.88 - Act as agreement supplementing compact; liberal construction; construction of powers

32:1-35.88. Act as agreement supplementing compact; liberal construction; construction of powers  This section and the preceding sections hereof constitute an agreement between the states of New York and New Jersey supplementary to the compact between the two states dated April 30, 1921 and amendatory thereof, and shall be liberally construed to effectuate the purposes of said compact and of the comprehensive plan heretofore adopted by the two states, and the powers granted to the port authority shall be construed to be in aid of and not in limitation or in derogation of any other powers, heretofore conferred upon or granted to the port authority. L.1978, c. 110, s. 17, eff. Aug. 24, 1978.
NJ Rev Stat § 32:1-35.89 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-35.89 - Severability

32:1-35.89. Severability  If any section, part, phrase, or provision of this act or the application thereof to any person or circumstances be adjudged invalid by any court of competent jurisdiction, so long as the act or remainder of the act shall nonetheless permit the effectuation, as a unified project, of any industrial development project or facility, such judgment shall be confined in its operation to the section, part, phrase, provision or application directly involved in the controversy in which such judgment shall have been rendered and shall not affect or impair the validity of the remainder of this act or the application thereof to other persons or circumstances and the two states hereby declare that they would have entered into this act or the remainder thereof had the invalidity of such provision or application thereof been apparent. L.1978, c. 110, s. 18, eff. Aug. 24, 1978.