New Jersey Statutes
§ 18A:72A-51 — "Higher Education Facilities Trust Fund."
New Jersey·Title 18A EDUCATION
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
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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