Title 18A, Title 18A: EDUCATION

18A:72A-11.2 Loan agreement, provision of working capital to participating institution; terms. 17. A participating institution and the authority may enter into a loan agreement in connection with a project which includes the provision of working capital to such institution. In no…

18A:72A-12. Moneys of authority; trust funds All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. Any officer with who…

18A:72A-12.1. Investment or reinvestment of funds All functions, powers and duties relating to the investment or reinvestment of funds within the jurisdiction of the authority including the purchase, sale or exchange of any investments or securities may, at the request of the aut…

18A:72A-12.2 Short title. 1. Sections 1 through 4 of this act shall be known and may be cited as the "County College Capital Projects Fund Act." L.1997,c.360,s.1.

18A:72A-12.3 Findings, declarations relative to county college capital projects fund. 2. The Legislature finds and declares that: a. Higher education plays a vital role in the economic development of the nation and the State by providing the education and training of the work for…

18A:72A-12.4 County college capital projects fund, established. 3. a. There is created within the New Jersey Educational Facilities Authority, established pursuant to chapter 72A of Title 18A of the New Jersey Statutes, hereinafter referred to as the "authority," a county college…

18A:72A-12.5 Loan agreement to issue bonds, notes. 4. a. At any time within one year of the certification by the State Treasurer to the board of chosen freeholders, the county college at which the capital project is located, and the authority, pursuant to section 2 of P.L.1971, c…

18A:72A-12.6 "Dormitory Safety Trust Fund." 6. a. There is created within the New Jersey educational facilities authority established pursuant to N.J.S.18A:72A-4, the "Dormitory Safety Trust Fund," hereinafter referred to as the "trust fund." The trust fund shall be maintained as…

18A:72A-12.7 Establishment of program to provide loans. 7. a. The State Treasurer shall establish a program to provide the loans authorized pursuant to P.L.2000, c.56 (C.52:27D-198.7 et al.). The governing board of a public or private institution of higher education as defined pu…

18A:72A-12.8 Issuance of bonds, notes. 8. a. The authority shall from time to time issue bonds or notes, in accordance with the provisions of the "New Jersey educational facilities authority law," N.J.S.18A:72A-1 et seq., and in an amount sufficient to finance the loans provided …

18A:72A-13. Bondholders; enforcement of rights Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any …

18A:72A-14. Refunding bonds; additional purposes (a) The authority is hereby authorized to provide for the issuance of bonds of the authority for the purpose of refunding any bonds of the authority then outstanding, including the payment of any redemption premium thereon and any …

18A:72A-15. Bonds as legal investments Bonds and notes issued by the authority under the provisions of this chapter are hereby made securities in which the state and all political subdivisions of the state, their officers, boards, commissions, departments or other agencies, all b…

18A:72A-16. Chapter complete authority for issuance of bonds Bonds may be issued under the provisions of this chapter without obtaining the consent of any department, division, commission, board, bureau, agency or officer of the state, and without any other proceedings or the hap…

18A:72A-17. Power to mortgage The authority shall not have power to mortgage any of its real property or projects. L.1967, c.271.

18A:72A-18. Exemptions from taxes; bonds; property The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, for the increase of their commerce, welfare and prosperity, and for the improvement of their health and livin…

18A:72A-19. Restriction on alteration of powers 18A:72A-19. The State of New Jersey does pledge to and agree with the holders of the bonds, notes and other obligations issued pursuant to authority contained in this chapter, and with those parties who may enter into contracts with…

18A:72A-2. Short title This chapter shall be known and may be cited as the "New Jersey educational facilities authority law." L.1967, c.271.

18A:72A-20. Authority not subject to 18A:62-2 In carrying out the provisions of this chapter the authority shall not be subject to the provisions of section 18A:62-2. L.1967, c.271.

18A:72A-21. Annual report and audit On or before March 31 in each year, the authority shall make an annual report of its activities for the preceding calendar year to the governor and the legislature. Each such report shall set forth a complete operating and financial statement c…

18A:72A-22. Contracts of property; conflicts of interest Except as otherwise expressly provided in this chapter, any member, officer, agent or employee of the authority who is interested, either directly or indirectly, in any contract of another with the authority, or in the sale…

18A:72A-23. Comptroller of treasury; powers of examination The comptroller of the treasury and his legally authorized representatives are hereby authorized and empowered from time to time to examine the accounts and books of the authority, including its receipts, disbursements, c…

18A:72A-24. Visitorial powers; Governor 18A:72A-24. The Governor may visit, examine into and inspect, the authority as an institution under the educational supervision of the State, and may require, as often as desired, duly verified reports therefrom giving such information and …

18A:72A-25. Services of state departments or agencies The authority shall be entitled to call to its assistance and avail itself of the services of such employees of any state department or agency as it may require and as may be available to it for said purpose. L.1967, c.271.

18A:72A-26 Powers and duties of treasurer; institutions under State jurisdiction. 18A:72A-26. In order to provide new dormitories and to enable the construction and financing thereof, to refinance indebtedness hereafter created by the authority for the purpose of providing a dorm…

18A:72A-27 Additional powers of boards of governors, trustees. 18A:72A-27. In addition thereto the board of governors of the university and the board of trustees of each of said colleges including county colleges shall have the following powers and shall be subject to the followi…

18A:72A-27.1 Powers and duties, revenue producing facilities. 18A:72A-27.1. In addition to the powers and duties with respect to dormitories given under N.J.S.18A:72A-26 and N.J.S.18A:72A-27 the treasurer, the board of governors of the university, the board of trustees of the New…

18A:72A-27.2. Powers of board of trustees 1. In addition to the powers and duties with respect to dormitories and revenue-producing facilities given under the provisions of this chapter, the board of trustees of a State college shall have the following powers with respect to any …

18A:72A-27.3 Submission of proposed projects to the Legislature. 2. The board of trustees of the public institution of higher education shall submit a copy of a resolution approving any non-revenue-producing facility project to the President of the Senate and the Speaker of the G…

18A:72A-28. Approval of plans, specifications and locations The board of governors of the university or the board of trustees of the Newark College of Engineering or the board of trustees of a State college or the board of trustees of a county college shall approve the plans and …

18A:72A-29 Lands, assets titled in name of State. 18A:72A-29. All lands and other assets real or personal presently titled in the name of the State Board of Higher Education or the State Department of Higher Education, which are occupied by a public institution of higher educatio…

18A:72A-3 Definitions. 18A:72A-3. As used in this act, the following words and terms shall have the following meanings, unless the context indicates or requires another or different meaning or intent: "Affiliate" means a person that directly, or indirectly through one or more int…

18A:72A-30. Additional powers; private colleges 18A:72A-30. In addition to the foregoing powers, the authority with respect to private colleges, shall have power: (a) upon application of the private college to construct, acquire or otherwise provide projects for the use and benef…

18A:72A-31. Construction loans; terms 18A:72A-31. The authority also shall have power: (a) to make loans to any participating institution for the construction or acquisition of projects in accordance with a loan agreement and plans and specifications, as appropriate, approved by …

18A:72A-32. Power of private colleges to mortgage 18A:72A-32. For the purpose of obtaining and securing loans under N.J.S.18A:72A-31 every participating institution shall, notwithstanding the provisions of any other law, have power to mortgage and pledge any of its real or person…

18A:72A-33. Moneys; separate account Moneys of the authority received from any private college in payment of any sum due to the authority pursuant to the terms of any loan or other agreement or any bond, note or other evidence of indebtedness, shall be deposited in an account in …

18A:72A-34. Authority; construction, operation and management (a) Whenever the authority under section 18A:72A-30 undertakes to construct, acquire or otherwise provide and operate and manage a project, the authority shall be responsible for the direct operation and maintenance co…

18A:72A-35. Private colleges; pledges Any pledge of moneys, earnings, income or revenues authorized with respect to private colleges, pursuant to the provisions of this chapter, shall be valid and binding from the time when the pledge is made. The moneys, earnings, income or reve…

18A:72A-36. Construction of chapter This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof. L.1967, c.271.

18A:72A-37. No liability or pledge of credit of state Nothing contained in this chapter shall be deemed or construed to create or constitute a debt, liability, or a loan or pledge of the credit, of the state. L.1967, c.271.

18A:72A-38. Powers supplemental and not derogatory The foregoing sections of this chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by ot…

18A:72A-39. Inconsistent laws inapplicable The powers granted to the authority by this chapter may be exercised without regard or reference to any department or agency of the state. All other general or special laws, or parts thereof, inconsistent with this chapter are hereby dec…

18A:72A-4 "New Jersey educational facilities authority." 18A:72A-4. (a) There is hereby established in but not of the Department of the Treasury a public body corporate and politic, with corporate succession to be known as the "New Jersey educational facilities authority." Notwit…

18A:72A-40. Short title 1. This act shall be known and may be cited as the "Higher Education Equipment Leasing Fund Act." L.1993,c.136,s.1.

18A:72A-41 Findings, declarations. 2. The Legislature finds and declares that: a. Higher education plays a vital role in the economic development of the nation and the State by providing the education and training of the work force of the future and by advancing science and techn…

18A:72A-42 Higher education equipment leasing fund; issuance of bonds. 5. a. There is created within the New Jersey Educational Facilities Authority, established pursuant to chapter 72A of Title 18A of the New Jersey Statutes, hereinafter referred to as the "authority," a higher …