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New Jersey Statutes, Title: 18A, EDUCATION

    Chapter 72a: Preamble, purpose of chapter

      Section: 18A:72a-51: "Higher Education Facilities Trust Fund."

          3. There is created within the New Jersey Educational Facilities Authority, established pursuant to N.J.S.18A:72A-1 et seq., the "Higher Education Facilities Trust Fund," hereinafter referred to as the "trust fund." The trust fund shall be maintained as a separate account and administered by the authority to carry out the provisions of this act. The trust fund shall consist of:

a. moneys received from the issuance of bonds or notes pursuant to section 9 of P.L.1993, c.375 (C.18A:72A-57) and an annual appropriation in an amount sufficient to pay the principal and interest on the bonds or notes;

b. all moneys appropriated by the State for the purposes of the trust fund; and

c. all interest and investment earnings received on moneys in the trust fund.

L.1993, c.375, s.3; amended 2017, c.98, s.21.

This section added to the Rutgers Database: 2017-07-11 13:37:02.






Older versions of 18a:72a-51 (if available):



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