United Water Resources, Inc. v. North Jersey District Water Supply Commission

This appeal concerns the authority and power of the North Jersey District Water Supply Commission (Commission) under its enabling legislation, N.J.S.A. 58:5-1 to -58, or the Interlocal Services Act, N.J.S.A. 40:8A-1 to -11 (ILSA), to contract with the City of Bayonne to manage, operate and maintain Bayonne’s local water distribution system and to issue $30 million in revenue bonds to pay to Bayonne a $25 million project fee, retire a portion of Bayonne’s debt relating to its water system and to make certain capital improvements to the system during the twenty-year term of the contract. The…