40:68A-42. Schedule of facility charges
155 words·~1 min read·
/nj/title-40/chapter-68a/40-68a-42A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every municipal port authority may prescribe and from time to time when necessary revise a schedule of all its facility charges. The facility charges fixed, charged and collected shall comply with the terms of any contract of the municipal port authority and may be so adjusted that the revenues of the municipal port authority will at all times be adequate to pay the expenses of operation and maintenance of the port system, including reserves, insurance, improvements, replacements, and other required payments, and to pay the principal of and interest on any bonds and to maintain such reserves or sinking funds therefor as may be required by the terms of any contract of the municipal port authority or as may be deemed necessary or desirable by the municipal port authority.
A copy of such schedule of facility charges in effect shall be a public record.
L.1960, c. 192, p. 817, s. 14, eff. Feb. 15, 1961.