New Jersey § 32:22b-7

§ 32:22b-7.

(a) The commission shall have power to adopt a corporate seal and to enter into contracts. (b) The commission shall have power to apply for and receive and accept grants of

property, money and services and other assistance offered or made available to it

by any person, government, or agency whatever, which it may use to meet necessary

expenses and for any other use within the scope of its functions, and to negotiate

for the same upon such terms and conditions as may be necessary or advisable. (c) The commission shall have power to hire, lease, acquire and dispose of property

to the extent necessary to carry out its functions, powers and duties as the same

may be constituted from time to time. (d) Without diminution of its general power to contract, the commission shall have

power to contract with any government or agency whatever, including the respective

departments of the party states, for the performance of services by the commission

which relate to its functions, powers and duties, and to accept compensation or reimbursement

therefor. (e) The commission shall have power to expend, or to authorize the expenditure of,

funds appropriated to it or for its purposes by the party states, but such expenditures

shall at all times be within the terms of an annual budget to be adopted by the commission,

by resolution, in advance of each fiscal period of the commission, which budget may

be amended or modified from time to time. Each of the party states reserves the right to require such audit or audits as such

state may from time to time consider proper. (f) The commission shall have such additional powers incidental to the express powers

granted to it by this compact, as may be necessary or proper for the effective performance

of its functions.