New Jersey Statutes
§ 52:27C-102 — Use of funds by foundation; receipt of gifts.
New Jersey·Title 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
7.All funds received by the Foundation for Technology Advancement, other than those necessary to pay the expenses of the foundation, shall be used exclusively for the establishment, support and promotion of the foundation. The foundation is authorized to receive and administer gifts, contributions, and funds from public and private sources to be expended solely for the purposes provided in section 1 of this act. L.2005,c.373,s.7.
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Nearby Sections
15
§ 52:27C-1
Department of Economic Development§ 52:27C-100
Adoption of bylaws.§ 52:27C-101
Bi-annual report to Governor, Legislature.§ 52:27C-102
Use of funds by foundation; receipt of gifts.§ 52:27C-104
Payment of expenses.§ 52:27C-105
Annual audit.§ 52:27C-11
Federal grants§ 52:27C-12
Policies and programs§ 52:27C-13
Private work reserves§ 52:27C-14
Direction and use of private work reserves§ 52:27C-15
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