New Jersey § 18A:72A-51 "Higher Education Facilities Trust Fund."

New Jersey Statutes

§ 18A:72A-51 — "Higher Education Facilities Trust Fund."

New Jersey § 18A:72A-51

Title 18AEDUCATION

This text of New Jersey § 18A:72A-51 ("Higher Education Facilities Trust Fund.") is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 18A:72A-51 (2026).

Text

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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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.