Page:United States Statutes at Large Volume 106 Part 4.djvu/844

 106 STAT. 3580 PUBLIC LAW 102-544—OCT. 27, 1992 imposed upon the aforesaid the Delaware River Joint Commission by the Conmionwealth of Pennsylvania or the State of New Jersey, or both of the said 2 States. "(n) To exercise all other powers not inconsistent with the constitutions of the 2 States or of the United States, which may be reasonably necessary or incidental to the effectuation of its authorized purposes or to the exercise of any of the foregoing powers, except the power to levy taxes or assessments, and generally to exercise in connection with its property and affairs, and in connection with property within its control, any and all powers which might be exercised by a natural person or a private corporation in connection with similar property and affairs. "(o) To acquire, purchase, construct, lease, operate, maintain, and undertake any project, including any terminal, terminal fadlity, transportation facility, or any other facility of commerce ana to make charges for the use thereof. "(p) To make expenditures anywhere in the United States and foreign countries, to pay commissions, and hire or contract with experts or consultants, and otherwise to do indirectly anything which the commission may do directly. "(q) To establish 1 or more operating divisions as deemed necessary to exercise the power and effectuate the purposes of this agreement. The commission shall also have such additional powers as may hereafter be delegated to or imposed upon it from time to time by the action of either State concurred in by legislation of the other. powers granted by this article shall be so exercised that the American system of free competitive private enterprise is given full consideration and is maintained and furthered. In making its reports and recommendations to the Legislatures of the Conmionwealth of Pennsylvania and the State of New Jersey on the need for any facility or project which the commission beUeves should be undertaken for the promotion and development of the Port District, the commission shall include therein its findings which fully set forth that the facility or facilities operated by private enterprise within the Port District and which it is intended shall be supplanted or added to are not adequate.". (5) Article XII of the agreement is amended to read as follows: Reports. 'The Commission shall, within 90 days after the end of each fiscal year, submit to the Governors and Legislatures of the Commonwealth of Pennsylvania and the State of New Jersey a complete and detailed report of the following: "(1) its operations and accomplishments during the completed fiscal year; "(2) its receipts and disbursements or revenues and expenses during ihat year in accordance with the categories and classifications established by the commission for its own operating and capital outlay purposes; "(3) its assets and liabilities at the end of the fiscal year, including the status of reserve, depreciation, special or other funds including debits and credits of these funds; "(4) a schedule of bonds and notes outstanding at the end of the fiscal year;
 * It is the policy and intent of the Legislature of the Commonwealth of Pennsylvania and the State of New Jersey that the

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