32:2-35 - Cost agreements - New Jersey Statutes

32:2-35.  Cost agreements
    The Port Authority is hereby authorized and empowered, in its discretion, to  enter into an agreement or agreements upon such terms and conditions as it may  deem in the public interest, with the New Jersey Turnpike Authority, or the New  Jersey State Highway Department, or both, whereby the Port Authority may  undertake to pay to such other party or parties to such agreement or agreements  such portion or portions of the cost of constructing either or both of said  Newark bay-Hudson county extension terminal connections as the Port Authority  shall determine to be proportionate to the benefit to facilities owned or  operated by the Port Authority from such connections, whether or not such  connections shall constitute approaches or connections to such Port Authority  facilities.

     L.1956, c. 16, p. 53, s. 2.