State Codes and Statutes

Statutes > New-jersey > Title-32 > Section-32-13a > 32-13a-10

32:13A-10. Credit of state or of county not pledged
Notwithstanding any provision of this chapter, the commission shall have no power to pledge the credit of the state of New Jersey or of the county of Gloucester or to create any debt of the state or of the county. The issuance of tunnel revenue bonds under the provisions of this chapter shall not directly or indirectly or contingently obligate the state or the county to levy or to collect any form of taxation whatever therefor or to make any appropriation for their payment.

State Codes and Statutes

Statutes > New-jersey > Title-32 > Section-32-13a > 32-13a-10

32:13A-10. Credit of state or of county not pledged
Notwithstanding any provision of this chapter, the commission shall have no power to pledge the credit of the state of New Jersey or of the county of Gloucester or to create any debt of the state or of the county. The issuance of tunnel revenue bonds under the provisions of this chapter shall not directly or indirectly or contingently obligate the state or the county to levy or to collect any form of taxation whatever therefor or to make any appropriation for their payment.