§ 22. Nothing herein contained shall be construed to affect, diminish
or impair the rights and obligations created by, or to repeal any of the
provisions of chapter three hundred and fifty-two of the laws of New
Jersey of nineteen hundred twenty and chapter two hundred and sixty-two
of the laws of New Jersey of nineteen hundred twenty-four.

If, however, any loss shall be suffered by or accrue to the said
sinking fund, and if, after the making of the payment by the port
authority to the state of New Jersey as hereinbefore provided, the
moneys in the said sinking fund shall at any time be or become less than
an amount equal to the principal amount of the then currently
outstanding New Jersey Camden bridge-Holland tunnel bonds, or if the
income and interest currently received from or currently accruing upon
the moneys in the said sinking fund shall be or become insufficient to
pay the interest currently accruing upon or currently payable in
connection with the aforesaid New Jersey Camden bridge-Holland tunnel
bonds, the state of New Jersey represents and agrees that it will make
good such deficits out of sources other than revenues from the said
Holland tunnel.

The said payment by the port authority to the state of New Jersey
constitutes repayment for all moneys contributed by the said state
toward the cost of construction of the said Holland tunnel, including
the moneys diverted and appropriated by chapter three hundred and
nineteen of the laws of New Jersey of nineteen hundred twenty-six and
chapter fifty-eight of the laws of New Jersey of nineteen hundred
twenty-seven from the road fund, created by chapter fifteen of the laws
of New Jersey of nineteen hundred seventeen. The requirement of chapter
fifty-eight of the laws of New Jersey of nineteen hundred twenty-seven
that the said moneys diverted and appropriated by the said statutes of
the state of New Jersey shall be returned and credited to the said road
fund, with interest, shall be and shall be deemed to be satisfied and
discharged so far as it relates to the revenues arising from the
operation of the said Holland tunnel.

The provisions of this section shall constitute a covenant and
agreement by the state of New York with the state of New Jersey, the
port authority and the holders of any bonds or other obligations of the
port authority, as security for which the tolls and revenues of said
Holland tunnel may be pledged.