reglab/housing_qa huggingface dataset:
NJ Rev Stat § 32:1-97 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-97 - Construction costs; pledge of tolls; project self-sustaining

32:1-97. Construction costs; pledge of tolls; project self-sustaining  The said bridge shall be built and paid for in whole or in part out of moneys to be raised by the port authority on bonds or other securities or obligations issued or incurred by it pursuant to Article six of the said compact or treaty. The said bonds or other securities and any other obligations which the port authority may incur shall be issued and incurred upon such terms and conditions as the port authority may deem proper, subject, however, to the limitations of this act. As security therefor the revenues and tolls arising out of the use of the bridge shall be pledged for the repayment of the entire issue of the bonds and other securities issued for the construction thereof, and the approaches and highway connections, and for the repayment of any moneys advanced by the state, together with interest; it being the declared policy of the state that the said bridge so far as the payment of the bonds or other securities issued, and repayment of moneys advanced by the state for the construction thereof, shall in all respects be self-sustaining. L.1925, c. 97, s. 4, p. 304.
NJ Rev Stat § 32:1-98 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-98 - Acquisition of property by agreement or condemnation

32:1-98. Acquisition of property by agreement or condemnation  If, for any of the purposes hereunder, the port authority shall find it necessary or convenient for it to acquire any real property as herein defined, in this state, then the port authority may find and determine that such property is required for a public use, and upon such due determination, the said property shall be and shall be deemed to be required for such a public use; and with the exceptions hereinafter specifically noted the said determination or fact shall not be affected by the fact that such property has theretofore been taken for, or is then devoted to, a public use; but the public use in the hands or under the control of the port authority shall be deemed superior to the public use in the hands of any other person, association or corporation. If the port authority is unable to agree for the acquirement of any such property, or if the owner thereof shall be incapable of disposing of the same, or if, after diligent search and inquiry, the name and residence of any such owner cannot be ascertained, or if any such property has been acquired or attempted to be acquired and title or other rights therein have been found to be invalid or defective, the port authority may acquire such property by condemnation under and pursuant to the provisions of this act. L.1925, c. 97, s. 5, p. 305.
NJ Rev Stat § 32:1-99 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-99 - Property of municipalities; nonimpairment of bonded debt or sinking fund; use of state lands

32:1-99. Property of municipalities; nonimpairment of bonded debt or sinking fund; use of state lands  Anything in this act to the contrary notwithstanding, no property now or hereafter vested in or held by any county, city, borough, village, township or other municipality shall be taken by the port authority, without the authority or consent of such county, city, borough, village, township or other municipality, nor shall anything herein impair or invalidate in any way any bonded indebtedness of the state, or such county, city, borough, village, township or other municipality, nor impair the provisions of law regulating the payment into sinking funds of revenue derived from municipal property, or dedicating the revenues derived from any municipal property to a specific purpose. The port authority is hereby authorized and empowered to acquire from such county, city, borough, village, township or other municipality by agreement therewith, and such county, city, borough, village, township or other municipality is hereby authorized and empowered to grant and convey for such consideration as it may deem wise, any real property which may be necessary for the construction, operation and maintenance of the bridge and the approaches thereto, including such real property as has already been devoted to a public use. The state of New Jersey hereby consents to the use and occupation of the real property of the state necessary for the construction, operation and maintenance of the said bridge and the approaches thereto, including lands of the state lying under the waters of the Kill von Kull. L.1925, c. 97, s. 6, p. 305.
NJ Rev Stat § 32:1-100 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-100 - Condemnation procedure

32:1-100. Condemnation procedure  Whenever any proceeding for the acquisition of "real property" as defined in this act, is instituted under this act, such proceeding shall be conducted pursuant to the provisions of an act entitled "An act to regulate the ascertainment and payment of compensation for property condemned or taken for public use" (Revision of one thousand nine hundred), approved March twentieth, one thousand nine hundred, and the acts amendatory thereof and supplemental thereto. L.1925, c. 97, s. 7, p. 306.
NJ Rev Stat § 32:1-101 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-101 - Definition of "real property"

32:1-101. Definition of "real property"  The term "real property" as used in this act is defined to include lands, structures, franchises and interests in land, including lands under water and riparian rights, and any and all other things and rights usually included within the said term, and includes also any and all interests in such property less than full title, such as easements, rights of way, uses, leases, licenses and all other incorporeal hereditaments and every estate, interest or right, legal or equitable, including terms for years and liens thereon by way of judgments, mortgages or otherwise, and also claims for damages for such real estate. L.1925, c. 97, s. 8, p. 306.
NJ Rev Stat § 32:1-102 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-102 - Interpretation

32:1-102. Interpretation  Any powers herein granted to the port authority shall be regarded as in aid of and supplemental to and in no case as a limitation upon any of the powers vested in it by the states of New Jersey and New York and/or by congress. L.1925, c. 97, s. 9, p. 307.
NJ Rev Stat § 32:1-103 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-103 - Effect of partial invalidity

32:1-103. Effect of partial invalidity  If any term or provision of this act shall be declared unconstitutional or ineffective in whole or in part by a court of competent jurisdiction, then to the extent that it is not unconstitutional or ineffective such term or provision shall be enforced and effectuated; nor shall such determination be deemed to invalidate the remaining terms or provisions hereof. L.1925, c. 97, s. 10, p. 307.
NJ Rev Stat § 32:1-104 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-104 - Appropriation

32:1-104. Appropriation  For the preliminary work necessary for making borings, surveys, engineering studies, investigations, hearings and all matters incidental or appertaining thereto, the sum of fifty thousand dollars ($50,000), or so much thereof as may be necessary, is hereby appropriated out of any moneys in the State treasury not otherwise appropriated. The moneys hereby appropriated shall be paid out by the state treasurer on the warrant of the comptroller of the treasury upon vouchers signed by the chairman of the said port authority. The said sum shall be paid back to the state when the cost of construction of all of said bridge shall have been fully paid for and the debt or debts created for such purpose amortized. L.1925, c. 97, s. 11, p. 307.
NJ Rev Stat § 32:1-105 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-105 - Similar legislation by New York state

32:1-105. Similar legislation by New York state  Neither the construction of such bridge, the approaches or highway connections, nor any preliminary work, authorized by section eleven of this act, shall be begun, nor shall any moneys be expended hereunder by the port authority, until the state of New York by appropriate legislation concurs therein, and appropriates an equivalent amount. L.1925, c. 97, s. 12, p. 307.
NJ Rev Stat § 32:1-106 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-106 - Effective date

32:1-106. Effective date  This act shall take effect immediately. L.1925, c. 97, s. 13, p. 307.
NJ Rev Stat § 32:1-108 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-108 - Similar advance by New York state

32:1-108. Similar advance by New York state  No part of the said appropriation made by the preceding section shall be payable unless and until the state of New York shall undertake to make available to the port authority an equal sum payable contemporaneously therewith, or earlier, the intent hereof being that each state shall cause to be paid over, or made available to the port authority in not more than five equal annual installments, one-half of a total fund of four million dollars ($4,000,000), to be available to the port authority as an advance for the construction of the said bridge, and that the appropriation of the state of New Jersey is conditioned upon the undertaking of the state of New York to provide its half of the said fund within such five-year period. L.1927, c. 3, s. 2, p. 17.
NJ Rev Stat § 32:1-109 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-109 - Use of moneys; tolls pledged; project self-sustaining

32:1-109. Use of moneys; tolls pledged; project self-sustaining  The moneys appropriated by this act shall be applied by the port authority to the construction of the bridge hereinbefore mentioned and purposes incidental thereto and to no other purpose whatsoever. The balance of the money needed for the construction of the said bridge and incidental purposes shall be raised by the port authority on its own obligations secured by the pledge of the revenues and tolls arising out of the use of the said bridge, all in accordance with the provisions of the laws authorizing and governing the construction and operation of the said bridge. As security for obligations so issued and the moneys so appropriated, the revenues and tolls arising out of the use of the said bridge shall be pledged to the repayment of the entire issue of bonds and other securities for the construction thereof, together with the interest and the repayment of the moneys appropriated by the state; it being the declared policy of the state that the said bridge, so far as the payment of the bonds or other securities issued for the construction thereof, together with the repayment of the moneys advanced by the state are concerned, shall in all respects be self-sustaining; and the port authority shall charge and maintain revenues and tolls for the use of the said bridge until all bonds and other securities issued for the construction thereof shall have been paid, and until the moneys advanced as aforesaid by the states of New Jersey and New York shall have been repaid. L.1927, c. 3, s. 3, p. 17.
NJ Rev Stat § 32:1-110 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-110 - Repayment of state advances

32:1-110. Repayment of state advances  The obligations for moneys so raised by the port authority on its own obligations for the construction of the said bridge and purposes incidental thereto shall constitute a lien upon the revenues and tolls therefrom in accordance with the terms and conditions of law upon which such moneys are raised, and any right or claim of the state, including that arising out of the appropriation made hereby, shall be subordinated to such lien. The port authority shall, however, pay into the state treasury annually out of the revenues and tolls from the bridge, a sum equal to four per cent (4%) per annum upon the unpaid balance of the amount actually advanced to the port authority hereunder and applied to the bridge, as interest for that year, together with at least two per cent (2%) of the principal of such advance until the whole sum so advanced is repaid to the state; provided, that the port authority shall not make such payments until it shall have accumulated and only so long as and for the years in which it holds out of the tolls or revenues of such bridge or otherwise a reserve fund equal to ten per cent (10%) of its own obligations issued in relation to or for the construction of such bridge, over and above the sums required by the terms of such obligations to be set aside for amortization or a sinking fund, and unless in said year the tolls or revenues from the said bridge after the payment of all expenses for operation and maintenance are sufficient to satisfy the interest and other contractual requirements of said obligations; and provided, further, that such payment shall not be made into the state treasury unless there shall be available under the same conditions sufficient money to make payment on similar terms to the state of New York and that if there exists such surplus revenue, but insufficient to make complete payment on such terms or conditions to both the states of New York and New Jersey, then such surplus revenue shall be prorated in accordance with the respective unpaid balances of the advances made by the two states and such prorated sum shall be paid into the state treasury in place and stead of the amount above provided, to be applied first upon the interest for the current year and the balance, if any, in reduction of principal. The intent hereof is that the port authority shall be required to and shall pay interest to the state upon such advances, and/or make payments on account of principal, only for the years when, and to the extent that, there shall be available on the conditions herein provided a surplus from the revenues or tolls for the payment of such interest and/or principal. L.1927, c. 3, s. 4, p. 18.
NJ Rev Stat § 32:1-111 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-111 - Competitive crossings; tolls unimpaired; protection of bondholders

32:1-111. Competitive crossings; tolls unimpaired; protection of bondholders  The state of New Jersey (the state of New York by appropriate legislation concurring herein) does pledge to and agree with those subscribing to and/or holding any obligations issued by the port authority for the construction of said bridge and incidental purposes that the state will not hereafter authorize the construction or maintenance of any other highway crossings for vehicular traffic over or under the waters of the Kill von Kull, between the two states in competition with the said bridge, and will not limit or alter the rights now vested in the port authority to establish and levy such charges and tolls as it may deem convenient or necessary to produce sufficient revenue to meet the expense of maintenance and operation and to fulfill the terms of the obligations assumed by it in relation to such bridge until the said obligations, together with interest thereon, are fully met and discharged; provided, that such crossings shall be considered as competitive with said bridge only if they shall form highway connections for vehicular traffic between the two states across or under the Kill von Kull; and provided, further, that nothing herein contained shall preclude the authorization of such additional interstate crossings if and when adequate provisions shall be made by law for the protection of those advancing money upon such obligations. L.1927, c. 3, s. 5, p. 19.
NJ Rev Stat § 32:1-112 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-112 - Contract between states and bondholders

32:1-112. Contract between states and bondholders  The state of New York by appropriate legislation concurring herein, the provisions of this act together with the provisions complementary thereto in the act or acts of the legislature of the state of New York, shall constitute a contract or agreement between the two states for the benefit of those lending money to the port authority for the construction of such bridge and purposes incidental thereto; and the port authority on behalf of the state may include in the bonds or other evidences of its obligations issued by it for the construction of the said bridge or incidental purposes such part of this act as shall seem proper as and as evidence of the foregoing agreements made by the state with the holders of the said bonds or other obligations, and thereupon the said terms so included shall become a contract between each state and the holders of the said bonds or other obligations. L.1927, c. 3, s. 6, p. 20.
NJ Rev Stat § 32:1-113 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-113 - Property tax exempt

32:1-113. Property tax exempt  The construction, maintenance and operation of said bridge is in all respects for the benefit of the people of the two states, for the increase of their commerce and prosperity, and for the improvement of their health and living conditions, and the port authority shall be regarded as performing a governmental function in undertaking the said construction, maintenance and operation and in carrying out the provisions of law relating to the said bridge, and shall be required to pay no taxes or assessments upon any of the property acquired by it for the construction, operation and maintenance thereof. L.1927, c. 3, s. 7, p. 20.
NJ Rev Stat § 32:1-114 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-114 - Obligations legal for investment

32:1-114. Obligations legal for investment  The obligations which may be issued by the port authority for the construction of said bridge and for purposes incidental thereto are hereby made securities in which all state and municipal officers and bodies, all banks, bankers, trust companies, saving banks, saving and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries, may properly and legally invest any funds belonging to them, including capital, or within their control; and said obligations are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or agency for any purpose for which bonds or other obligations of this state may be deposited. L.1927, c. 3, s. 8, p. 20.
NJ Rev Stat § 32:1-115 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-115 - Interpretation

32:1-115. Interpretation  Any powers herein granted to the port authority shall be regarded as in aid of and supplemental to and in no case as a limitation upon any of the powers vested in it by the states of New Jersey and New York and/or by congress. L.1927, c. 3, s. 9, p. 21.
NJ Rev Stat § 32:1-116 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-116 - Effect of partial invalidity

32:1-116. Effect of partial invalidity  If any term or provision of this act shall be declared unconstitutional or ineffective in whole or in part by a court of competent jurisdiction, then to the extent that it is not unconstitutional or ineffective such term or provision shall be enforced and effectuated; nor shall such determination be deemed to invalidate the remaining terms or provisions hereof. L.1927, c. 3, s. 10, p. 21.
NJ Rev Stat § 32:1-117 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-117 - Effective date

32:1-117. Effective date  This act shall take effect immediately. L.1927, c. 3, s. 11, p. 21.
NJ Rev Stat § 32:1-118 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-118 - Declaration as to vehicular traffic across interstate waters within port district; bridges and tunnels unified under port authority

32:1-118. Declaration as to vehicular traffic across interstate waters within port district; bridges and tunnels unified under port authority  The state of New York by appropriate legislation concurring herein, the states of New Jersey and New York hereby declare and agree that the vehicular traffic moving across the interstate waters within the Port of New York District, created by the compact of April thirtieth, one thousand nine hundred and twenty-one, between the said states (which said phrase "interstate waters" as used in this act shall include the portion of the Hudson river within the said Port of New York District north of the New Jersey state line), constitutes a general movement of traffic which follows the most accessible and practicable routes, and that the users of each bridge or tunnel over or under the said waters benefit by the existence of every other bridge or tunnel since all such bridges and tunnels as a group facilitate the movement of such traffic and relieve congestion at each of the several bridges and tunnels. Accordingly, the two said states, in the interest of the users of such bridges and tunnels and the general public, hereby agree that the construction, maintenance, operation and control of all such bridges and tunnels, heretofore or hereafter authorized by the two said states, shall be unified under the Port of New York Authority (hereinafter called the port authority), to the end that the tolls and other revenues therefrom shall be applied so far as practicable to the costs of the construction, maintenance and operation of said bridges and tunnels as a group and economies in operation effected, it being the policy of the two said states that such bridges and tunnels shall as a group be in all respects self-sustaining. L.1931, c. 4, s. 1, p. 18.
NJ Rev Stat § 32:1-119.1 (2021)
2021 New Jersey Revised Statutes|Title 32 - Interstate and Port Authorities and Commissions|Section 32:1-119.1 - Ratification and confirmation of acts in connection with Midtown Hudson Tunnel

32:1-119.1. Ratification and confirmation of acts in connection with Midtown Hudson Tunnel  Upon the concurrence of the State of New York herein in the manner indicated in section 4 hereof, the States of New Jersey and New York agree that all acts heretofore performed by the Port of New York Authority in connection with the construction, ownership, maintenance and operation of the Midtown Hudson Tunnel (including the third tube thereof), as defined in section 1 of this act, including but not limited to the financing and effectuation thereof and acquisition and taking of property therefor, are hereby ratified and confirmed with the same force and effect as if section 1 hereof had been in effect at the times such acts were performed. L.1954, c. 11, p. 61, s. 3.