New Jersey § 32:1-62
Full text of New Jersey New Jersey Statutes § 32:1-62, with citation guidance and answers to common questions.
§ 32:1-62.
The moneys appropriated by this act shall be applied by the port authority to the
construction of the bridges hereinbefore mentioned and purposes incidental thereto
and for no other purpose whatsoever. The balance of the money needed for the construction of the said bridges and incidental
purposes shall be raised by the port authority on its own obligations secured by the
pledge of the revenues and tolls arising out of the use of the said bridges, all in
accordance with the provisions of the laws authorizing and governing the construction
and operation of the said bridges. As security for obligations so issued and the moneys so appropriated, the revenues
and tolls arising out of the use of the said bridge shall be pledged to the repayment
of the entire issue of bonds and other securities for the construction thereof, together
with the interest, and the repayment of the moneys appropriated by the state; it
being the declared policy of the state that the said bridges, so far as the payment
of the bonds or other securities issued for the construction thereof, together with
the repayment of the moneys advanced by the state, shall in all respects be self-sustaining.
Frequently Asked Questions About New Jersey § 32:1-62
What does New Jersey Statutes § 32:1-62 cover?
Section 32:1-62 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 § 32:1-62?
A common citation format is "New Jersey Statutes § 32:1-62" (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 § 32:1-62 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.