New Jersey § 2A:37-41.1 Loan of moneys in separate fund to Rutgers University

New Jersey Statutes

§ 2A:37-41.1 — Loan of moneys in separate fund to Rutgers University

New Jersey § 2A:37-41.1

Title 2AADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

This text of New Jersey § 2A:37-41.1 (Loan of moneys in separate fund to Rutgers University) 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. § 2A:37-41.1 (2026).

Text

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.

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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.