N.J.S.A. 32:22B-10

Acceptance of advances; prohibition against borrowing; expenditures

32:22B-10. Acceptance of advances; prohibition against borrowing; expenditures The commission may accept advances from one or more of the party States or from the Federal Government; but it may not otherwise borrow money nor may it issue notes or bonds. It shall not incur any obligation in excess of the amounts appropriated or otherwise available to it or for its purposes and each of its expenditures shall be within the terms of the annual budget hereinbefore mentioned. L.1965, c. 12, s. 1.

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This is the verbatim text of N.J.S.A. 32:22B-10, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.