New Jersey Acts Saved from Repeal ACTS SAVED 32 § 2-27(86)

11. Should the state claimed to be in default dispute the fact of such default, it shall have the right to have such fact determined by arbitration; provided, however, that it asserts its option to arbitrate within two weeks after the giving of a notice and demand as hereinbefore provided, and shall indicate its desire to arbitrate by a notice served in the same manner as required for the notice and demand concerning default. The arbitrator[s] shall be the attorney general of each state and one disinterested person selected by them, which said disinterested person shall not be a resident of either of the states. If the said attorney general shall not agree within two weeks on such a disinterested person, then and in that event the secretary of war of the United States or some person designated by him, who shall not be a resident of either state, shall act as third arbitrator. Such arbitrators shall proceed forthwith to determine the issue and shall thereafter publish their findings with the commission. Such right to arbitrate shall not be exclusive, but shall be in addition to any other remedies that the parties may have at law or in equity for the enforcement of this contract.