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Current as of January 01, 2024 | Updated by Findlaw Staff
1. No contract shall be made or obligation incurred for the construction of such tunnel or tunnels or any part thereof, or the approaches thereto, or the furnishing of any labor or materials therefor unless such contract or obligation shall be in writing and shall have been made or incurred pursuant to resolutions duly adopted by both commissions. Each of the parties hereto shall be entitled to two original copies of such contract. All such contracts or obligations shall bind each of the states for one-half only of the amount of money to be expended thereunder. Whenever any obligation has been incurred by either of the parties it shall cause to be set aside out of the funds available therefor, a sum sufficient to meet its share thereof. All such contracts or obligations shall be executory only, subject to appropriations now or hereafter to be made for such construction, and all such contracts shall contain a stipulation that it is expressly understood and agreed by and between the parties thereto that the contract shall bind the states only to the extent of moneys available therefor and that no liability on account of such contracts shall be incurred by either of the states beyond the moneys available for the purpose specified therein.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 32 § 2-27(67) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-32-2-27-67/
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