Title 32, Title 32: INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS

32:1-35.51. Definitions The following terms as used in this act shall have the following meanings: "Bonds" shall mean bonds, notes, securities or other obligations or evidences of indebtedness; "Effectuation" of a project or any facility or part of a facility constituting a porti…

32:1-35.52. Port development project; world trade center; powers and duties of port authority In furtherance of the aforesaid findings and determinations and in partial effectuation of and supplemental to the comprehensive plan heretofore adopted by the 2 said States for the deve…

32:1-35.52a Findings, declarations relative to remains of victims of September 11, 2001 terrorist attack. 1. The Legislature finds and declares that: a. The unprovoked attack on the United States carried out by international terrorists on September 11, 2001 against targets in New…

32:1-35.52b Remains to be used in memorial. 2. The Port Authority of New York and New Jersey shall cover the site of the remains of the victims of September 11, 2001 and transport those remains in containers to be used in a memorial at the World Trade Center site that will be bui…

32:1-35.53. General reserve fund; bonds; revenues 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 f…

32:1-35.54. Surplus revenues; excess balance in 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 genera…

32:1-35.55. Covenant with bondholders The two states covenant and agree with each other and with the holders of any affected bonds, as hereinafter defined, that so long as any of such bonds remain outstanding and unpaid and the holders thereof shall not have given their consent a…

32:1-35.55b. Severability If any section, part, phrase, or provision of this amendatory and supplementary act or the application thereof to any person, project or circumstances, be adjudged invalid by any court of competent jurisdiction, such judgment shall be confined in its ope…

32:1-35.56. Cooperation by port authority; agreements; financial assistance, loans and grants The port authority is authorized and empowered to co-operate with the States of New York and New Jersey, with any municipality, with the Federal Government and with any agency or commiss…

32:1-35.57. Cooperation by states and agencies; agreements; powers; property Notwithstanding any contrary provision of law, general, special or local, either State and any municipality and any commission or agency of either or both of said 2 States is authorized and empowered to …

32:1-35.58. Suits, actions or proceedings The States of New York and New Jersey hereby consent to suits, actions or proceedings by any municipality against the port authority upon, in connection with or arising out of any agreement, or any amendment thereof, entered into for any …

32:1-35.59. Effectuation of purposes of act as constituting essential governmental function The effectuation of the world trade center, the Hudson tubes and the Hudson tubes extensions, or of any of such facilities constituting a portion of the port development project, are and w…

32:1-35.6. General Reserve Fund, use of The moneys in the General Reserve Fund of the Port Authority 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 by it f…

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 o…

32:1-35.61. Administration of details by port authority; local laws and regulations; jurisdiction; subsidiary corporations All details of the effectuation, including but not limited to details of financing, leasing, rentals, tolls, fares, fees and other charges, rates, contracts …

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 …

32:1-35.63. Property; public use; acquisition; condemnation If the port authority shall find it necessary, convenient or desirable to acquire (either directly or through a subsidiary corporation) from time to time any real property or any property other than real property (includ…

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, diagra…

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 t…

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 th…

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 effectuati…

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…

32:1-35.7. Legal investments, bonds of Port Authority for air terminals as The bonds issued by the Port Authority to provide funds for air terminal purposes are hereby made securities in which all State and municipal officers and bodies of both States, all banks, bankers, trust c…

32:1-35.72. Findings and determinations The States of New York and New Jersey hereby find and determine that: a. To prevent further deterioration of the economy of the port district and thereby to promote, preserve and protect trade and commerce in and through the Port of New Yor…

32:1-35.73. Definitions As used in this act: a. "Bonds" means bonds, notes, securities or other obligations or evidences of indebtedness; b. "Effectuation" of any project or facility or part of any such project or facility includes but is not limited to its establishment, acquisi…

32:1-35.74. Authorizations, powers and duties of port authority; master plan; location within city of New York a. In furtherance of the aforesaid findings and determinations, in partial effectuation of and supplemental to the comprehensive plan heretofore adopted by the two said …

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 money…

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 …

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 h…

32:1-35.78. Cooperation by port authority; agreements; financial assistance, loans and grants The port authority is authorized and empowered to cooperate with the States of New York and New Jersey, with any municipality thereof, with any person, with the Federal Government and wi…

32:1-35.79. Cooperation by states and agencies; agreements; powers; acquisition of property; consent by municipality, state, public authority, agency or commission Notwithstanding any contrary provision of law, general, special or local, either state and any municipality thereof …

32:1-35.8. Municipal property; use by Port Authority; suits (a) Notwithstanding any contrary provision of law, every municipality in the Port of New York District is authorized and empowered to consent to the use by the Port Authority of any air terminal owned by such municipalit…

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 …

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 …

32:1-35.82. Taxes and assessments; approval of municipality of purchaser or lessee The port authority shall be required to pay no taxes or assessments upon any of the property acquired and used by it for any of the purposes of this act or upon any deed, mortgage or other instrume…

32:1-35.83. Administration of details by port authority; transmittal to and consultation with Governor; local laws and regulations; jurisdiction; subsidiary corporations Except as otherwise specifically provided, all details of the effectuation, including but not limited to detai…

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 …

32:1-35.85. Property; requirement for public use; acquisition; condemnation Subsequent to and subject to the execution of the agreement or agreements authorized by sections 11 and 12 hereof for the projects and facilities and it the locations specified herein, if the port authori…

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, diagra…

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…

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…

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 effectuati…

32:1-35.9. Condemnation proceedings The powers hereinafter granted to the Port Authority to acquire real property by condemnation or the right of eminent domain shall be subject to the limitations set forth in section two hereof, and also to the following further limitations: (a)…

32:1-35.90. Minutes of meeting at which action taken to change covenants with or pledges to bondholders; filing; waiver of requirement A copy of the minutes of any action taken at any meeting of the port authority in connection with any modification, addition or deletion in or to…

32:1-35.91. Minutes of meeting at which action taken in connection with purposes of act; filing; waiver of requirement The port authority shall file with the temporary President and Minority Leader of the Senate and the Speaker and Minority Leader of the Assembly of the State of …

32:1-35.92. Special reports; request by comptroller and treasurer The Comptroller of the State of New York and the Treasurer of the State of New Jersey may each from time to time request a special report with such information as each such officer may require with respect thereto …