1. For the purposes of complying with the provisions of section 1 of P.L.1989, c.191 (C. 32:11E-1.1), the Delaware River and Bay Authority created pursuant to the “Delaware-New Jersey Compact,” enacted pursuant to 53 Laws of Delaware, Chapter 145 (17 Del. C.s.1701 et seq.) and P.L.1961, c.66 (C. 32:11E-1 et seq.) with the consent of the Congress of the United States in accordance with Pub.L.87-678 (1962), is authorized, pursuant to the procedures set forth in section 1 of P.L.1989, c.191 (C. 32:11E-1.1), to undertake a project for the acquisition and creation of a corporate/business/industrial park located in Salem County, including the planning, development, financing, construction, operation, maintenance and improvement thereof, which shall be considered a project of the authority as defined pursuant to Article II of the “Delaware-New Jersey Compact,” P.L.1961, c.66, as amended by P.L.1989, c.192 (C. 32:11E-1 et seq.).

L.1998,c.29,s.1.