New Jersey § 32:11e-1

§ 32:11e-1.

The State of New Jersey hereby agrees with the State of Delaware, upon enactment by

the State of Delaware of legislation having the same effect as this section, to the

following compact: Whereas, The states of Delaware and New Jersey are separated by the Delaware River

and Bay which create a natural obstacle to the uninterrupted passage of traffic other

than by water and with normal commercial activity between the two states thereby hindering

the economic growth and development of those areas in both states which border the

river and bay; and Whereas, The pressures of existing trends from increasing traffic, growing population

and greater industrialization indicate the need for closer cooperation between the

two states in order to advance the economic development and to improve crossings,

transportation, terminal and other facilities of the area; and Whereas, The financing, construction, operation and maintenance of such crossings,

transportation, terminal and other facilities of commerce and the overall planning

for future economic development of the area may be best accomplished for the benefit

of the two states and their citizens, the region and nation, by the cordial cooperation

of Delaware and New Jersey by and through a joint or common agency or authority;

and Whereas, The Delaware-New Jersey Compact, enacted pursuant to 53 Laws of Delaware,

Chapter 145 (17 Del. C. s.1701) and P.L.1961, c. 66 ( C.32:11E-1 et seq. ) of the Pamphlet Laws of New Jersey, with the consent of the United States Congress

in accordance with Pub.L.87-678 (1962), created the Delaware River and Bay Authority with the intention of advancing

the economic growth and development of those areas in both states which border the

Delaware River and Bay by the financing, development, construction, operation and

maintenance of crossings, transportation or terminal facilities, and other facilities

of commerce, and by providing for overall planning for the future economic development

of those areas; and Whereas, The economic growth and development of areas of both states will be further

advanced by authorizing the authority to undertake economic development projects,

other than major projects as defined in Article II, at its own initiative, and to

undertake major projects after securing only such approvals as may be required by

legislation of the state in which the project is to be located, except that the authority

is prohibited from undertaking any major project, to be located in the Delaware River

or Bay, including, without limitation, any deep-water port or superport, without the

prior approval, by concurrent legislation, of the two states; and Whereas, The natural environment of those areas in the two states which border the

Delaware River and Bay would be better preserved by requiring that the projects, other

than crossings, of the authority shall be in complete compliance with all applicable

environmental protection laws and regulations before the authority may undertake the

planning, development, construction or operation of any project, other than a crossing; NOW, THEREFORE, The State of Delaware and the State of New Jersey do hereby solemnly

covenant and agree, each with the other as follows: This compact shall be known as the “Delaware-New Jersey Compact.” “ Charge card ” means any card, plate, coupon book or other device existing for the purpose of obtaining

money, property, labor, services or anything else of value on credit which is not

subject to a finance charge. “ Credit card ” means any card, plate, coupon book or other device existing for the purpose of obtaining

money, property, labor, services or anything else of value on credit which may be

subject to a finance charge. “ Financial records ” mean all receipts and records of disbursements, revenues and expenses, operating

and capital outlay expenses, assets and liabilities, including the fiscal status of

authority facilities, projects and developments, including the status of reserve,

depreciation, special or other funds and the receipts and payments of these funds,

and schedules of authority bonds and notes. “ Information ” means all authority books, papers, maps, photographs, cards or other documentary

materials, regardless of physical form or characteristics. “ Crossing ” means any structure or facility adapted for public use in crossing the Delaware

River or Bay between the states, whether by bridge, tunnel, ferry or other device,

and by any vehicle or means of transportation of persons or property, as well as all

approaches thereto and connecting and service routes and all appurtenances and equipment

relating thereto. “ Transportation facility ” and “ terminal facility ” mean any structure or facility other than a crossing as herein defined, adapted

for public use within each of the states party hereto in connection with the transportation

of persons or property, including railroads, motor vehicles, watercraft, airports

and aircraft, docks, wharves, piers, slips, basins, storage places, sheds, warehouses,

and every means or vehicle of transportation now or hereafter in use for the transportation

of persons and property or the storage, handling or loading of property, as well as

all appurtenances and equipment related thereto. “ Commerce facility or development ” means any structure or facility adapted for public use or any development for a

public purpose within each of the states party hereto in connection with recreational

and commercial fishery development, recreational marina development, aquaculture (marine

farming), shoreline preservation and development (including wetlands and open-lands

acquisition, active recreational and park development, beach restoration and development,

dredge spoil disposal, and port-oriented development), foreign trade zone site development,

manufacturing and industrial facilities, and any other facility or activity designed,

directly or indirectly, to promote business or commerce which, in the judgment of

the authority, is required for the sound economic development of the area. “ Appurtenances ” and “ equipment ” mean all works, buildings, structures, devices, appliances and supplies, as well

as every kind of mechanism, arrangement, object or substance related to and necessary

or convenient for the proper construction, equipment, maintenance, improvement and

operation of any crossing, transportation facility or terminal facility, or commerce

facility or development. “ Project ” means any undertaking or program for the acquisition or creation of any crossing,

transportation facility or terminal facility, or commerce facility or development,

or any part thereof, as well as for the operation, maintenance and improvement thereof. “ Major project ” means any project, other than a crossing, having or likely to have significant environmental

impacts on the Delaware River and Bay, its shorelines or estuaries, or any other area

in the State of Delaware or the New Jersey counties of Cape May, Cumberland, Gloucester

and Salem, as determined in accordance with state law by the environmental agency

of the state in which the major project is to be located. “ Tunnel ” means a tunnel of one or more tubes. “ Governor ” means any person authorized by the Constitution and law of each state to exercise

the functions, powers and duties of that office. “ Authority ” means the authority created by this compact or any agency successor thereto. The singular whenever used in this compact shall include the plural, and the plural

shall include the singular. They agree to and pledge, each to the other, faithful cooperation in the effectuation

of this compact and any future amendment or supplement thereto, and of any legislation

expressly in implementation thereof hereafter enacted, and in the planning, development,

financing, construction, operation, maintenance and improvement of all projects entrusted

to the authority created by this compact. The two states agree that there shall be created and they do hereby create a body

politic, to be known as “The Delaware River and Bay Authority” (for brevity hereinafter

referred to as the “authority”), which shall constitute an agency of government of

the State of Delaware and the State of New Jersey for the following general public

purposes, and which shall be deemed to be exercising essential government functions

in effectuating such purposes, to wit: (a) The planning, financing, development, construction, purchase, lease, maintenance,

improvement and operation of crossings between the states of Delaware and New Jersey

across the Delaware River or Bay at any location south of the boundary line between

the State of Delaware and the Commonwealth of Pennsylvania as extended across the

Delaware River to the New Jersey shore of said river, together with such approaches

or connections thereto as in the judgment of the authority are required to make adequate

and efficient connections between such crossings and any public highway, or other

routes in the State of Delaware or in the State of New Jersey; and (b) The planning, financing, development, construction, purchase, lease, maintenance,

improvement and operation of any transportation or terminal facility within the State

of Delaware or the New Jersey counties of Cape May, Cumberland, Gloucester and Salem,

which facility, in the judgment of the authority, is required for the sound economic

development of the area; and (c) The planning, financing, development, construction, purchase, lease, maintenance,

improvement and operation of any commerce facility or development within the State

of Delaware or the New Jersey counties of Cape May, Cumberland, Gloucester and Salem,

which in the judgment of the authority is required for the sound economic development

of the area; and (d) The performance of such other functions as may be hereafter entrusted to the authority

by concurrent legislation expressly in implementation hereof. The authority shall not undertake any major project or part thereof without having

first secured such approvals as may be required by legislation of the state in which

the project is to be located. The authority shall not undertake any major project, or part thereof, to be located

in the Delaware River or Bay, including, without limitation, any deep-water port or

superport, without having first secured approval thereof by concurrent legislation

of the two states expressly in implementation thereof. The authority shall not undertake any major project or part thereof without first

giving public notice and holding a public hearing, if requested, on any proposed major

project, in accordance with the law of the state in which the major project is to

be located. Each state shall provide by law for the time and manner for the giving of such public

notice, the requesting of a public hearing and the holding of such public hearings. (e) The commissioners of the authority shall be responsible for appointing a Director

of Economic Development or Deputy Executive Director and an appropriate number of

supporting staff as deemed necessary by the authority to oversee commerce and economic

development activity by the authority in the New Jersey counties of Cape May, Cumberland,

Gloucester and Salem. The commissioners of the authority shall also be responsible for appointing a separate

Director of Economic Development or Deputy Executive Director and an appropriate number

of supporting staff as deemed necessary by the authority to oversee commerce and economic

development activity by the authority in the State of Delaware. The authority shall not permit the appointment of the Directors of Economic Development

or Deputy Executive Directors and supporting staff pursuant to this subsection to

increase the budget of the authority. ARTICLE VCOMMISSIONERS a. The authority shall consist of 12 commissioners, six of whom shall be residents of

and qualified to vote in, and shall be appointed from, the State of Delaware, and

six of whom shall be residents of and qualified to vote in, and shall be appointed

from, the State of New Jersey; not more than three of the commissioners of each state

shall be of the same political party; the commissioners for each state shall be appointed

in the manner fixed and determined from time to time by the law of each state respectively. Each commissioner shall hold office for a term of five years, and until his successor

shall have been appointed and qualified, but the terms of the first commissioners

shall be so designated that the term of at least one commissioner from each state

shall expire each year. All terms shall run to the first day of July. Any vacancy, however created, shall be filled for the unexpired term only. Any commissioner may be suspended or removed from office as provided by law of the

state from which he shall be appointed. Commissioners shall be entitled to reimbursement for necessary expenses to be paid

only from revenues of the authority and may not receive any other compensation for

services to the authority except such as may from time to time be authorized from

such revenues by concurrent legislation. b. The authority shall not permit any commissioner or other person acting on its behalf

to use a credit card or charge card established in the name of, or the account of

which is paid for by, the authority for the purpose of obtaining money, property,

labor, services or anything else of value, except that such credit card or charge

card may be used for the purposes of the business of the authority provided that the

expenses and purchases by credit card or charge card do not exceed the maximum annual

amount established by joint agreement between the Governor of the State of Delaware

and the Governor of the State of New Jersey for the use of such cards. c. The authority shall not permit any commissioner or other person acting on its behalf

to incur expenses and purchases, other than by credit card or charge card, in the

performance of their official duties or on behalf of the authority except that such

expenses and purchases may be incurred for the purposes of the business of the authority

provided that such expenses do not exceed the maximum annual amount established by

joint agreement between the Governor of the State of Delaware and the Governor of

the State of New Jersey for such expenses and purchases. ARTICLE VIBOARD ACTION The commissioners shall have charge of the authority's property and affairs and shall,

for the purpose of doing business, constitute a board; but no action of the commissioners including, but not limited to the adoption of the annual capital plan, including specifically

the economic development portion of that plan, shall be binding or effective unless taken at a meeting at which at least four commissioners

from each state are present, and unless at least four commissioners from each state

shall vote in favor thereof. The vote of any one or more of the commissioners from each state shall be subject

to cancellation by the Governor of such state at any time within 10 days (Saturdays,

Sundays and public holidays in the particular state excepted) after receipt at the

Governor's office of a certified copy of the minutes of the meeting at which such

vote was taken. Each state may provide by law for the manner of delivery of such minutes, and for

notification of the action thereon. ARTICLE VIIGENERAL POWERS For the effectuation of its authorized purposes, the authority is hereby granted the

following powers: a. To have perpetual succession. b. To adopt and use an official seal. c. To elect a chairman and a vice-chairman from among the commissioners. The chairman and vice-chairman shall be elected from different states, and shall

each hold office for two years. The chairmanship and vice-chairmanship shall be alternated between the two states. d. To adopt bylaws to govern the conduct of its affairs by the board of commissioners,

and it may adopt rules and regulations and may make appropriate orders to carry out

and discharge its powers, duties and functions, but no bylaw, or rule, regulation

or order shall take effect until it has been filed with the Secretary of State of

each state or in such other manner in each state as may be provided by the law thereof. In the establishment of rules, regulations and orders respecting the use of any

crossing, transportation or terminal facility or commerce facility or development

owned or operated by the authority, including approach roads, it shall consult with

appropriate officials of both states in order to insure, as far as possible, uniformity

of such rules, regulations and orders with the law of both states. e. To appoint, or employ, such other officers, agents, attorneys, engineers and employees

as it may require for the performance of its duties and to fix and determine their

qualifications, duties, compensation, pensions, terms of office and all other conditions

and terms of employment and retention. f. To enter into contracts and agreements with either state or with the United States,

or with any public body, department, or other agency of either state or of the United

States or with any individual, firm or corporation, deemed necessary or advisable

for the exercise of its purposes and powers. g. To accept from any government or governmental department, agency or other public

or private body, or from any other source, grants or contributions of money or property

as well as loans, advances, guarantees, or other forms of financial assistance which

it may use for or in aid of any of its purposes. h. To acquire (by gift, purchase or condemnation), own, hire, lease, use, operate

and dispose of property, whether real, personal or mixed, or of any interest therein,

including any rights, franchise and property for any crossing, facility or other project

owned by another, and which the authority is authorized to own and operate. i. To designate as express highways, and control public and private access thereto,

all or any approaches to any crossing or other facility of the authority for the purpose

of connecting the same with any highway or other route in either state. j. To borrow money and to evidence such loans by bonds, notes or other obligations,

either secured or unsecured, and either in registered or unregistered form, and to

fund or refund such evidences of indebtedness, which may be executed with facsimile

signatures of such persons as may be designated by the authority and by a facsimile

of its corporate seal. k. To procure and keep in force adequate insurance or otherwise provide for the adequate

protection of its property, as well as to indemnify it or its officers, agents or

employees against loss or liability with respect to any risk to which it or they may

be exposed in carrying out any function hereunder. l . To grant the use of, by franchise, lease or otherwise, and to make charges for the

use of, any crossing, facility or other project or property owned or controlled by

it. m. To exercise the right of eminent domain to acquire any property or interest therein. n. To determine the exact location, system and character of and all other matters

in connection with any and all crossings, transportation or terminal facilities, commerce

facilities or developments or other projects which it may be authorized to own, construct,

establish, effectuate, operate or control. o . To exercise all other powers not inconsistent with the Constitutions of the two

states or of the United States, which may be reasonably necessary or incidental to

the effectuation of its authorized purposes or to the exercise of any of the foregoing

powers, except the power to levy taxes or assessments, and generally to exercise in

connection with its property and affairs, and in connection with property within its

control, any and all powers which might be exercised by a natural person or a private

corporation in connection with similar property and affairs. ARTICLE VIIIADDITIONAL POWERS For the purpose of effectuating the authorized purposes of the authority, additional

powers may be granted to the authority by legislation of either state without the

concurrence of the other, and may be exercised within such state, or may be granted

to the authority by Congress and exercised by it; but no additional duties or obligations

shall be undertaken by the authority under the law of either state or of Congress

without authorization by the law of both states. ARTICLE IXEMINENT DOMAIN If the authority shall find and determine that any property or interest therein is

required for a public use in furtherance of the purposes of the authority, said determination

shall not be affected by the fact that such property has theretofore been taken over

or is then devoted to a public use, but the public use in the hands or under the control

of the authority, shall be deemed superior to the public use for which it has theretofore

been taken or to which it is then devoted. The authority shall not exercise the power of eminent domain granted herein to acquire

any property, other than a crossing, devoted to a public use, of either state, or

of any municipality, local government, agency, public authority or commission, or

of two or more of them, for any purpose other than a crossing, without having first

secured the authorization of the holder of the title to the land in question and such

other approvals as may be required by legislation of the state in which the project

is to be located. The authority shall not exercise the power of eminent domain in connection with

any commerce facility or development. In any condemnation proceeding in connection with the acquisition by the authority

of property or property rights of any character in either state and the right of inspection

and immediate entry thereon, through the exercise by it of its power of eminent domain,

any existing or future law or rule of court of the state in which such property is

located with respect to the condemnation of property for the construction, reconstruction

and maintenance of highways therein, shall control. The authority shall have the same power and authority with respect thereto as the

state agency named in any such law; provided that nothing herein contained shall

be construed as requiring joint or concurrent action by the two states with respect

to the enactment, repeal or amendment of any law or rule of court on the subject of

condemnation under which the authority may proceed by virtue of this article. If the established grade of any street, avenue, highway or other route shall be changed

by reason of the construction by the authority of any work so as to cause loss or

injury to any property abutting on such street, avenue, highway or other route, the

authority may enter into voluntary agreements with such abutting property owners and

pay reasonable compensation for any loss or injury so sustained, whether or not it

be compensable as damages under the condemnation law of the state. The power of the authority to acquire property by condemnation shall be a continuing

power, and no exercise thereof shall be deemed to exhaust it. ARTICLE XREVENUES AND APPLICATION a. The authority is hereby authorized to establish, levy and collect such tolls and

other charges as it may deem necessary, proper or desirable, in connection with any

crossing, transportation or terminal facility, commerce facility or development, or

other project which it is or may be authorized at any time to construct, own, operate

or control, and the aggregate of said tolls and charges shall be at least sufficient

(1) to meet the combined expenses of operation, maintenance and improvement thereof,

(2) to pay the cost of acquisition or construction, including the payment, amortization

and retirement of bonds or other securities or obligations assumed, issued or incurred

by the authority, together with interest thereon and (3) to provide reserves for such

purposes; and the authority is hereby authorized and empowered, subject to prior

pledges, if any, to pledge such tolls and other revenues or any part thereof as security

for the repayment with interest of any moneys borrowed by it or advanced to it for

its authorized purposes and as security for the satisfaction of any other obligations

assumed by it in connection with such loans or advances. There shall be allocated to the cost of the acquisition, construction, operation,

maintenance and improvement of such facilities and projects, such proportion of the

general expenses of the authority as it shall deem properly chargeable thereto. b. No action taken by the authority to increase tolls, charges or fares on the Delaware

Memorial Bridge or the Cape May-Lewes Ferry shall have force or effect without first

giving public notice and holding public hearings within the New Jersey counties of

Cape May, Cumberland, Gloucester and Salem and all counties in the State of Delaware

concerning the proposed increase in tolls, charges or fares. The authority shall be required to provide appropriate supporting information and

financial records related to the proposed increase in tolls, charges or fares to the

presiding officers of the Legislature of the State of Delaware and the Legislature

of the State of New Jersey at least five days in advance of the first public hearing

required to be held on the proposed increase. ARTICLE XICOVENANT WITH BONDHOLDERS The two said states covenant and agree with each other and with the holders of any

bonds or other securities or obligations of the authority, assumed, issued or incurred

by it and as security for which there may be pledged the tolls and revenues or any

part thereof of any crossing, transportation or terminal facility, commerce facility

or development, or other project, that the two said states will not, so long as any

of such bonds or other obligations remain outstanding and unpaid, diminish or impair

the power of the authority to establish, levy and collect tolls and other charges

in connection therewith, and that neither of the two said states will, so long as

any of such bonds or other obligations remain outstanding and unpaid, authorize any

crossing of the Delaware River or Delaware Bay south of the line mentioned in Article

IV (a) of this compact, by any person or body other than the authority; unless, in

either case, adequate provision shall be made by law for the protection of those advancing

money upon such obligations. ARTICLE XIISECURITIES LAWFUL INVESTMENTS The bonds or other securities or obligations which may be issued by the authority

pursuant to this compact, or any amendments hereof or supplements hereto, are hereby

declared to be negotiable instruments, and are hereby made securities in which all

state and municipal officers and bodies of each state, all banks, bankers, trust companies,

savings banks, building and loan associations, savings and loan associations, investment

companies and other persons carrying on a banking business, all insurance companies,

insurance associations and other persons carrying on an insurance business, and all

administrators, executors, guardians, trustees and other fiduciaries and all other

persons whatsoever who are now or may hereafter be authorized to invest in bonds or

other obligations of either state, may properly and legally invest any funds, including

capital, belonging to them or within their control; and said obligations are hereby

made securities which may properly and legally be deposited with and shall be received

by any state or municipal officer or agency of either state for any purpose for which

the deposit of bonds or other obligations of such state is now or may hereafter be

authorized. ARTICLE XIIITAX STATUS The powers and functions exercised by the authority under this compact and any amendments

hereof or supplements hereto are and will be in all respects for the benefit of the

people of the states of Delaware and New Jersey, the region and nation, for the increase

of their commerce and prosperity and for the enhancement of their general welfare. To this end, the authority shall be regarded as performing essential governmental

functions in exercising such powers and functions and in carrying out the provisions

of this compact and of any law relating thereto, and shall not be required to pay

any taxes or assessments of any character, levied by either state or political subdivision

thereof, upon any of the property used by it for such purposes, or any income or revenue

therefrom, including any profit from a sale or exchange. The bonds or other securities or obligations issued by the authority, their transfer

and the interest paid thereon or income therefrom, including any profit from a sale

or exchange, shall at all times be free from taxation by either state or any subdivision

thereof. ARTICLE XIVJURISDICTION; USE OF LANDS Each of the two states hereby consents to the use and occupancy by the authority of

any lands and property of the authority in such state for the construction, operation,

maintenance or improvement of any crossing, transportation or terminal facility, commerce

facility or development, or other project which it is or may be authorized at any

time to construct, own or operate, including lands lying under water. ARTICLE XVREVIEW AND ENFORCEMENT OF RULES Judicial proceedings to review any bylaw, rule, regulation, order or other action

of the authority or to determine the meaning or effect thereof, may be brought in

such court of each state, and pursuant to such law or rules thereof, as a similar

proceeding with respect to any agency of such state might be brought. Each state may provide by law what penalty or penalties shall be imposed for violation

of any lawful rule, regulation or order of the authority, and, by law or rule of court,

for the manner of enforcing the same. ARTICLE XVINO PLEDGE OF CREDIT The authority shall have no power to pledge the credit or to create any debt or liability

of the State of Delaware, of the State of New Jersey, or of any other agency or of

any political subdivision of said states. ARTICLE XVIILOCAL COOPERATION AND AGREEMENTS a. All municipalities, political subdivisions and every department, agency or public

body of each of the states are hereby authorized and empowered to cooperate with,

aid and assist the authority in effectuating the provisions of this compact and of

any amendment hereof or supplement hereto. b. The authority is authorized and empowered to cooperate with each of the states,

or any political subdivision thereof, and with any municipality, local government,

agency, public authority or commission of the foregoing, in connection with the acquisition,

planning, rehabilitation, construction or development of any project, other than a

crossing, and to enter into an agreement or agreements, subject to compliance with

the laws of the state in which the project is to be located, with each of the states,

or with any political subdivision thereof, and with any municipality, county, local

government, agency, public authority or commission or with two or more of them, for

or relating to such purposes. c. The authority and the city, town, municipality or other political subdivision in

which any project, other than a crossing, is to be located are hereby authorized and

empowered, subject to compliance with the laws of the state in which the project is

to be located, to enter into an agreement or agreements to provide which local laws,

resolutions, ordinances, rules and regulations, if any, of the city, town, municipality

or other political subdivision affected by such project shall apply to such project. All other existing local laws, resolutions, ordinances or rules and regulations

not provided for in the agreement shall be applicable to the project, other than a

crossing. All local laws, resolutions, ordinances or rules and regulations enacted after the

date of the agreement shall not be applicable to such projects unless made applicable

by the agreement or any modification thereto. ARTICLE XVIIIDEPOSITARIES All banks, bankers, trust companies, savings banks and other persons carrying on a

banking business under the laws of either state are authorized to give security for

the safekeeping and prompt payment of moneys of the authority deposited by it with

them, in such manner and form as may be required by and may be approved by the authority,

which security may consist of a good and sufficient undertaking with such sureties

as may be approved by the authority, or may consist of the deposit with the authority

or other depositary approved by the authority as collateral of such securities as

the authority may approve. ARTICLE XIXAGENCY POLICE Members of the police force established by the authority, regardless of their residence,

shall have in each state, on the crossings, transportation or terminal facilities,

commerce facilities or developments and other projects and the approaches thereto,

owned, operated or controlled by the authority, and at such other places and under

such circumstances as the law of each state may provide, all the powers of investigation,

detention and arrest conferred by law on peace officers, sheriffs or constables in

such state or usually exercised by such officers in each state. ARTICLE XXREPORTS AND AUDITS a. The authority shall make annual reports to the Governors and Legislatures of the

State of Delaware and the State of New Jersey, setting forth in detail its operations

and transactions, and may make such additional reports from time to time to the Governors

and Legislatures as it may deem desirable. It shall, at least annually, cause an independent audit of its fiscal affairs to be

made and shall furnish a copy of such audit report together with such additional information

or data with respect to its affairs as it may deem desirable to the Governors and

Legislatures of each state. It shall furnish such information or data with respect to its affairs as may be requested

by the Governor or Legislature of each state. b. The authority shall, within 180 days after the end of each fiscal year of the authority,

submit to the Governor and Legislature of the State of Delaware and the Governor and

Legislature of the State of New Jersey a complete and detailed report of the following: (1) its operations and accomplishments during the completed fiscal year; (2) its receipts and disbursements or revenues and expenses during that year in accordance

with the categories and classifications established by the authority for its own operating

and capital outlay purposes; (3) its assets and liabilities at the end of the fiscal year, including the status

of reserve, depreciation, special or other funds including debits and credits of these

funds; (4) a schedule of bonds and notes outstanding at the end of the fiscal year; (5) a list of all contracts exceeding $100,000 entered into during the fiscal year; (6) a business or strategic plan for the authority and for each of its operating divisions; (7) a capital plan containing specific goals and objectives including, but not limited

to, economic development goals and objectives in the State of Delaware and in the

New Jersey counties of Cape May, Cumberland, Gloucester and Salem; and (8) the authority's progress toward meeting the prior year's economic development

goals and objectives. ARTICLE XXIBOUNDARIES UNAFFECTED The existing territorial or boundary lines of the states, or the jurisdiction of the

two states established by said boundary lines, shall not be changed hereby. ARTICLE XXIIENVIRONMENTAL PROTECTION a. The planning, development, construction and operation of any project, other than

a crossing, shall comply with all environmental protection laws, regulations, directives

and orders, including, without limitation, any coastal zone laws, wetlands laws, or

subaqueous land laws or natural resource laws, now or hereafter enacted, or promulgated

by the state in which the project, or any part thereof, is located. b. The planning, development, construction and operation of any project, other than

a crossing, to be located in the Delaware River and Bay shall comply with all environmental

protection laws, regulations, directives and orders, including, without limitation,

any coastal zone laws, wetlands laws, subaqueous land laws or natural resource laws,

now or hereafter enacted or promulgated by either state. c. The planning, development, construction and operation of any project, other than

a crossing, located in the coastal zone of Delaware (as defined in Chapter 70 of Title

7 of the Delaware Code, as in effect on January 1, 1989), shall be subject to the

same limitations, requirements, procedures and appeals as apply to any other person

under the Delaware Coastal Zone Act, Chapter 70 of Title 7 of the Delaware Code, as

in effect on January 1, 1989. Nothing in this compact shall be deemed to preempt, modify or supersede any provision

of the Delaware Coastal Zone Act, Chapter 70 of Title 7 of the Delaware Code, as in

effect on January 1, 1989. The interpretation and application of this paragraph shall be governed by the laws

of the State of Delaware and be determined by the courts of the State of Delaware. d. The planning, development, construction and operation of any project, other than

a crossing, located in New Jersey, shall be subject to the provisions of New Jersey

law, when applicable, including, but not limited to, “The Wetlands Act of 1970,” P.L.1970,

c. 272 ( C.13:9A-1 et seq. ) and the “Coastal Area Facility Review Act,” P.L.1973, c. 185 ( C.13:19-1 et seq. ).