New Jersey § 32:1-118

§ 32:1-118.

The state of New York by appropriate legislation concurring herein, the states of

New Jersey and New York hereby declare and agree that the vehicular traffic moving

across the interstate waters within the Port of New York District, created by the

compact of April thirtieth, one thousand nine hundred and twenty-one, between the

said states 1 (which said phrase “interstate waters” as used in this act shall include the portion

of the Hudson river within the said Port of New York District north of the New Jersey

state line), constitutes a general movement of traffic which follows the most accessible

and practicable routes, and that the users of each bridge or tunnel over or under

the said waters benefit by the existence of every other bridge or tunnel since all

such bridges and tunnels as a group facilitate the movement of such traffic and relieve

congestion at each of the several bridges and tunnels. Accordingly, the two said states, in the interest of the users of such bridges and

tunnels and the general public, hereby agree that the construction, maintenance, operation

and control of all such bridges and tunnels, heretofore or hereafter authorized by

the two said states, shall be unified under the Port of New York Authority (hereinafter

called the port authority), to the end that the tolls and other revenues therefrom

shall be applied so far as practicable to the costs of the construction, maintenance

and operation of said bridges and tunnels as a group and economies in operation effected,

it being the policy of the two said states that such bridges and tunnels shall as

a group be in all respects self-sustaining. 1

See §§ 32:1-1 to 32:1-24.