Governor [Foster] Furcolo signed the new Steamship Authority bill shortly before 2 p.m. on Tuesday.
Under the terms of the new law, the present Authority will be replaced Jan. 1, 1961, by a new Authority of three members, one of Dukes County - who have already persuaded Robert M. Love to accept the appointment - one named by the selectmen of Nantucket, and one by the selectmen of Falmouth. New Bedford will be responsible for 40 per cent of the deficit for 1960, but after the end of this year will have no responsibility, no representation, and no guarantee of service.