New Jersey § 34:1b-21

§ 34:1b-21.

The State Treasurer and the authority are authorized to enter into one or more contracts

to implement the payment arrangement that is provided for in section 4 of P.L.2006, c. 102 ( C.34:1B-21.34 ). The contract or contracts shall provide for payment by the State Treasurer of the

amounts required to be paid pursuant to section 4 of P.L.2006, c. 102 ( C.34:1B-21.34 ) and shall set forth the procedure for the transfer of moneys for the purpose of

paying such amounts. The contract or contracts shall contain such terms and conditions as are determined

by the authority and the State Treasurer, and shall include, but not be limited to,

terms and conditions necessary and desirable to secure any bonds or refunding bonds

of the authority issued pursuant to this act or any obligations of the authority under

any contract or agreement entered into by the authority pursuant to subsection c.

of section 4 of P.L.2006, c. 102 ( C.34:1B-21.34 ); provided however, that notwithstanding any other provision of any law, rule, regulation

or order to the contrary, the authority shall be paid only such amounts as shall be

required by the provisions of any contract or contracts and further provided that

the incurrence of any obligation of the State under any such contract or contracts,

including any payments to be made thereunder from the General Fund, shall be subject

to and dependent upon appropriations being made from time to time by the Legislature

for the purposes of this act. 1 1

L.2006, c. 102, eff. Dec. 20, 2006 (N.J.S.A. §§ 34:1B-21.31 to 34:1B-21.36).