New Jersey § 32:1-123
Full text of New Jersey New Jersey Statutes § 32:1-123, with citation guidance and answers to common questions.
§ 32:1-123.
If the amount paid by the port authority to the state of New Jersey pursuant to the
preceding section of this act shall be less than an amount which, together with the
moneys then in the sinking fund established by chapter three hundred and fifty-two
of the Laws of New Jersey of one thousand nine hundred and twenty 1 and chapter two hundred and sixty-two of the Laws of New Jersey of one thousand nine
hundred and twenty-four, 1 hereinafter called the New Jersey Camden bridge-Holland tunnel sinking fund, (other
than moneys set apart to pay interest for the then current year upon the bonds of
the state of New Jersey authorized by the aforesaid acts of the state of New Jersey,
hereinafter called New Jersey Camden bridge-Holland tunnel bonds), will be equal to
the principal amount of the then outstanding New Jersey Camden bridge-Holland tunnel
bonds, then and in such event, the port authority shall in addition pay to the state
of New Jersey an amount which, together with the amount paid under and pursuant to
the preceding section hereof and the moneys then in said New Jersey Camden bridge-Holland
tunnel sinking fund, will be equal to the principal amount of the then outstanding
New Jersey Camden bridge-Holland tunnel bonds; and shall, moreover, pay to the state
of New York a like amount. 1
L.1920, c. 352, and L.1924, c. 262 have been saved from repeal; see N.J.S.A. §§ 32:7-1
and 32:7-2.
Frequently Asked Questions About New Jersey § 32:1-123
What does New Jersey Statutes § 32:1-123 cover?
Section 32:1-123 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 32:1-123?
A common citation format is "New Jersey Statutes § 32:1-123" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 32:1-123 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.