Statutes > New Jersey Statutes > TITLE 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS > Section 32:8 > 32:8-5 - Pledging credit of states, counties or municipalities prohibited

32:8-5 - Pledging credit of states, counties or municipalities prohibited

32:8-5.  Pledging credit of states, counties or municipalities prohibited
     ARTICLE IV.

     Notwithstanding any provision of this agreement, the commission shall have no power to pledge the credit of the state of New Jersey, or of the commonwealth of Pennsylvania, or of any county, city, borough, village, township and other municipality of said state or commonwealth, or to create any  debt against said state or commonwealth or any such municipality.