New Jersey § 32:1-35

§ 32:1-35.

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 as provided

in their contract with the port authority, the two states will not diminish or impair

the power of the port authority (or any subsidiary corporation incorporated for any

of the purposes of this act) to establish, levy and collect rentals, tolls, fares,

fees or other charges in connection with any facility constituting a portion of the

port development project or any other facility owned or operated by the port authority

of which the revenues have been or shall be pledged in whole or in part as security

for such bonds (directly or indirectly, or through the medium of the general reserve

fund or otherwise), or to determine the quantity, quality, frequency or nature of

the service provided in connection with each such facility. “ Affected bonds ” as used in this section shall mean bonds of the port authority issued or incurred

by it from time to time for any of the purposes of this act or bonds as security for

which there may or shall be pledged, in whole or in part, the general reserve fund

or any reserve fund established by or pursuant to contract between the port authority

and the holders of such bonds, or the revenues of the world trade center, Hudson tubes,

Hudson tubes extensions or any other facility owned or operated by the port authority

any surplus revenues of which would be payable into the general reserve fund, or bonds

both so issued or incurred and so secured.