New Jersey Statutes
§ 18A:72A-33 — Moneys; separate account
New Jersey·Title 18A EDUCATION
Moneys of the authority received from any private college in payment of any sum due to the authority pursuant to the terms of any loan or other agreement or any bond, note or other evidence of indebtedness, shall be deposited in an account in which only moneys received from private colleges shall be deposited and shall be kept separate and apart from and not commingled with any other moneys of the authority. Moneys deposited in such account shall be paid out on checks signed by the chairman of the authority or by such other person or persons as the authority may authorize. L.1967, c.271.
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Nearby Sections
15
§ 18A:72A-1
Preamble, purpose of chapter§ 18A:72A-11
Further powers of authority§ 18A:72A-11.1
Refinancing outstanding mortgages of private lenders.§ 18A:72A-12
Moneys of authority; trust funds§ 18A:72A-12.1
Investment or reinvestment of funds§ 18A:72A-12.2
Short title.§ 18A:72A-12.4
County college capital projects fund, established.§ 18A:72A-12.5
Loan agreement to issue bonds, notes.§ 18A:72A-12.6
"Dormitory Safety Trust Fund."§ 18A:72A-12.7
Establishment of program to provide loans.§ 18A:72A-12.8
Issuance of bonds, notes.§ 18A:72A-13
Bondholders; enforcement of rights