32:11D-6 - Duration of compact - New Jersey Statutes

32:11D-6.  Duration of compact
    (a) The duration of this compact shall be for an initial period of 100 years  from its effective date, and it shall be continued for additional periods of  100 years if not later than 20 years nor sooner than 25 years prior to the  termination of the initial period or any succeeding period none of the  signatory States, by authority of an act of its Legislature, notifies the  commission of intention to terminate the compact at the end of the then current  100-year period.

    (b) In the event that this compact should be terminated by operation of paragraph (a) above, the commission shall be dissolved, its assets and liabilities transferred, and its corporate affairs wound up, in such manner as may be provided by act of the Congress.

     L.1961, c. 13, p. 47, s. 1.6.