New Jersey § 32:1-141
Full text of New Jersey New Jersey Statutes § 32:1-141, with citation guidance and answers to common questions.
§ 32:1-141.
(1) As used in this act: (a) “ Port Authority ” means the Port of New York Authority, created by the Compact of April thirtieth,
one thousand nine hundred and twenty-one, between the States of New Jersey and New
York. 1 (b) “ Bonds legal for investment ” means bonds or other obligations or securities of the Port Authority, in which savings
banks in both of the two said States are now or may hereafter be authorized to invest
funds within their control. (c) “ Terminal and/or transportation facilities ” means terminal and/or transportation facilities as used in the said Compact of April
thirtieth, one thousand nine hundred and twenty-one. (d) “ Surplus revenues ” means, in the case of each terminal or transportation facility, the balance of the
revenues therefrom remaining at any time currently in the hands of the Port Authority
after the deduction of the current expenses of the operation and maintenance thereof,
including a proper proportion of the general expenses of the Port Authority, and after
the deduction of any amounts which the Port Authority may or shall be obligated or
may or shall have obligated itself to pay to or set aside out of the current revenues
therefrom for the benefit of the holders of any bonds legal for investment, and after
the deduction of any amounts currently due to the two said States on account of any
advances made by the two said States to the Port Authority in aid of the effectuation
of such terminal or transportation facility. 1
See §§ 32:1-1 to 32:1-24.
Frequently Asked Questions About New Jersey § 32:1-141
What does New Jersey Statutes § 32:1-141 cover?
Section 32:1-141 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 § 32:1-141?
A common citation format is "New Jersey Statutes § 32:1-141" (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 § 32:1-141 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.