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New Jersey Statutes, Title: 2A, ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Chapter 37: Action in superior court by attorney general; jury; title of state
Section: 2A:37-41.1: Loan of moneys in separate fund to Rutgers University
From the fund established by section 2A:37-41 of the New Jersey Statutes, the State Treasurer is hereby authorized to lend to Rutgers, the State University, a sum not exceeding $1,000,000.00 for the purpose of constructing student dormitories and related capital facilities. Any such loan shall be repaid in equal annual installments over a period of 20 years commencing July 1, 1962 at a rate of interest equal to 4\% per annum computed over the life of the loan.
L.1961, c. 31, p. 123, s. 1, eff. May 25, 1961.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 2a:37-41.1 (if available):
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