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This entry was published on 2014-09-22
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SECTION 715
Repayment of state appropriations
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 3, TITLE 8
§ 715. Repayment of state appropriations. All appropriations made
heretofore or hereafter by the state to the authority shall be treated
as advances by the state to the authority, and shall be repaid to it
without interest out of the first proceeds of bonds issued by the
authority for the construction of the bridge. The comptroller is hereby
authorized to receive from the authority amounts advanced by the state
to the authority and to deposit the same in the state treasury to the
credit of the capital construction fund so that the state shall be
reimbursed for the full amount of any and all such advances.