New Jersey Acts Saved from Repeal ACTS SAVED 32 § 7-2(11)

11. The sinking fund commission, as created by section eleven, subdivision (a) of “An act authorizing the creation of a debt of the state of New Jersey by the issuance of bonds of the state in an amount not exceeding twenty-eight million dollars for the purpose of paying the cost of extending the system of state highways by the construction of bridges and tunnels for vehicular or other traffic across the Delaware and Hudson rivers, or either of them; providing the ways and means to pay the interest of such debt and also to pay and discharge the principal thereof; and providing for the submission of this law to the people at a general election,” passed May eleventh, one thousand nine hundred and twenty, is hereby constituted the sinking fund commission for the creation of a sinking fund for the purpose of receiving, holding, investing, reinvesting and disbursing the moneys for the payment of the interest and the cost of amortization of the bonds issued hereunder. Except as hereafter specifically changed the requirements and regulations as to the sinking fund commission and the sinking fund as provided for under section eleven, subdivision (a) and section thirteen of said act shall apply to the establishment of such sinking fund, the receipt, custody, investment, reinvestment and disbursement of revenues as provided in such sections shall apply equally and fully to bonds issued hereunder.