# New Jersey S3730: Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement.

New Jersey S3730, Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement., is a 220th Legislature (2024-2025) Senate bill sponsored by Joseph P. Cryan (Democratic), Troy Singleton (Democratic); status failed, last action 2024-10-10 (Reported, 2nd Reading in Senate) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-S3730-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S3730
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement.
- Status: failed
- Chamber: Senate
- Introduced: 2024-09-30
- Last action: 2024-10-10, Reported, 2nd Reading in Senate
- Sponsors: Joseph P. Cryan (Democratic), Troy Singleton (Democratic)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Joseph P. Cryan (Democratic), Senate
- Sponsor: Troy Singleton (Democratic), Senate

## Actions (2)

- 2024-10-10: Reported, 2nd Reading in Senate (Senate)
- 2024-09-30: Introduced, 1st Reading in Senate, Referred to Senate Higher Education Committee (Senate)

## Bill text

- Senate Higher Education Substitute (10/10/24), 2024-10-11: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_S1.PDF)
- As Introduced, 2024-10-01: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_I1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [Senate Higher Education Substitute (10/10/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_S1.HTM)
- [Senate Higher Education Substitute (10/10/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_S1.PDF)
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S4000/3730_I1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S3730-2024-2025 (as of 2026-10-17).