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		 New 
		York, New Jersey governors veto proposed port agency overhaul 
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		[December 29, 2014] 
		By Karen Brooks
 (Reuters) - The governors of New York and 
		New Jersey vetoed sweeping legislation passed by lawmakers in both 
		states intended to reform the embattled bi-state Port Authority, 
		according to a joint statement released on Saturday.
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			 The legislative reforms to the transportation agency were passed 
			as federal prosecutors investigate "Bridgegate," in which traffic 
			lanes approaching the George Washington Bridge across the Hudson 
			River were shut for several days in September 2013 in what many 
			suspect was a politically motivated move by New Jersey Gov. Chris 
			Christie's administration. 
 Christie, chairman of the Republican Governor's Association and a 
			potential presidential candidate, and Democrat New York Governor 
			Andrew Cuomo instead threw their support behind a string of reforms 
			to the Port Authority of New York and New Jersey proposed by a 
			bi-state panel.
 
 The reforms include the resignation of the agency's board of 
			commissioners, changes in how its top executives are appointed and 
			divestment of some of its real estate holdings, including the World 
			Trade Center, among other changes.
 
 
			
			 
			"While neither governor is approving the legislation as passed, they 
			are urging their respective legislators and the Port Authority to 
			work with them," the statement said.
 
 The proposed reforms would have to be approved by lawmakers in both 
			states before they can be enacted.
 
 The governors said in the statement that they "embrace the spirit 
			and intent of the extensive reforms" proposed by the legislation, 
			known as the Port Authority of New York and New Jersey Transparency 
			and Accountability Act of 2014, but that the omnibus bill does not 
			go far enough.
 
 The legislation, which was supported by all four chambers of both 
			state legislatures and needed the backing of both governors, 
			proposed extensive accountability and transparency reforms.
 
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			Christie has seen his political narrative muddled by a federal 
			securities investigation into whether his administration improperly 
			diverted Port Authority funds for use on projects outside the 
			agency's mandate.
 Supporters of the bill blasted the vetoes on Saturday, calling the 
			move "stunning" and "disappointing."
 
 "These are changes we advocated long before the George Washington 
			Bridge lane closures," said New Jersey Senate Majority Leader 
			Loretta Weinberg, a Democrat. "We've now seen a breakdown at the 
			agency become a national scandal, top level staffers within state 
			government and the Port Authority resign, and a federal 
			investigation is under way.
 
 She added: "These bills should have served as the foundation for our 
			long-term reform effort."
 
 (Reporting by Karen Brooks in Austin, Texas; Editing by Dan Grebler)
 
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