NEW YORK (AP) — A settlement has been reached in a case involving the 1986 transfer of rights of the name World Trade Center to a nonprofit.

New York Attorney General Eric Schneiderman said Friday that an investigation found the Port Authority of New York and New Jersey "exercised lax oversight and virtually no due diligence" when approving the transfer to the World Trade Centers Association for $10.

The association has agreed to pay $184,000 to New York state. It also will pay 33 percent of any revenues from the use of the name in New York and New Jersey for the next 20 years, for up to $15,000 a year.

The funds will go toward the World Trade Center memorial.

The Port Authority and the nonprofit didn't immediately respond to requests seeking comment.