New Jersey § 12:11a-25
Full text of New Jersey New Jersey Statutes § 12:11a-25, with citation guidance and answers to common questions.
§ 12:11a-25.
The South Jersey Port Corporation is hereby authorized, empowered and directed to
enter into an agreement or agreements with the State of New Jersey whereby such sums
as shall have been paid by the State in the discharge of the obligations of the State
pursuant to this act may be reimbursed to the State out of the funds of the corporation;
provided, however, that nothing in this section shall be interpreted as requiring
the corporation to issue any bonds for the express purpose of fulfilling such agreement;
and no such agreement between the State of New Jersey and the corporation shall infringe
the rights or in any way affect the obligations of the corporation to any of its bondholders,
nor shall any such agreement impair the financial integrity of the corporation or
prevent the corporation from undertaking any project or projects which it is authorized
to undertake and for which it is authorized to issue bonds pursuant to the provisions
of this act; and, provided further, that prior to any such agreement between the
State of New Jersey and the corporation an audit of the financial records of the corporation
shall be made by the Treasurer of the State of New Jersey and said treasurer shall
certify that such agreement will not impair the financial integrity of the corporation;
and, provided further, that nothing in this section shall be interpreted as requiring
the corporation in any agreement or agreements to repay the total sum appropriated
by the State of New Jersey in the discharge of the State's financial obligations pursuant
to the provisions of this act.
Frequently Asked Questions About New Jersey § 12:11a-25
What does New Jersey Statutes § 12:11a-25 cover?
Section 12:11a-25 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 § 12:11a-25?
A common citation format is "New Jersey Statutes § 12:11a-25" (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 § 12:11a-25 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.