Press Release Article


MEDIA ADVISORY -- PORT AUTHORITY AUDIT AND FINANCE COMMITTEES TO HOLD MEETINGS IN EXECUTIVE SESSION ON WEDNESDAY, DECEMBER 5

Date: Dec 04, 2012
Press Release Number: 203-2012

The Port Authority's Audit and Finance Committees will meet in executive session on Wednesday, December 5, at the Port Authority’s offices at 225 Park Avenue South, New York, N.Y. The Audit Committee will meet to discuss matters involving external or internal investigations or audits, matters involving ongoing negotiations or reviews of contracts or proposals, and matters involving public safety or law enforcement. The Committee on Finance will meet to discuss matters related to the purchase, sale, or lease of real property, or securities where disclosure would affect the value thereof or the public interest, matters involving ongoing negotiations or reviews of contracts or proposals, and matters in which the release of information could impair a right to receive funds from the United States or other grantor.

CONTACT: Port Authority of New York and New Jersey 212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in New York. The Port Authority receives no tax revenue from either the state of New York or New Jersey or from the City of New York. The agency relies on revenues generated by facility users, tolls, fees and rents as well as loans, bond financing, and federal grants to fund its operations. For more information, please visit http://www.panynj.gov.

 


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