Title 18A, Title 18A: EDUCATION

18A:72B-19. Maintenance of funds; audit of records 5. Funds received by an institution pursuant to this act shall be maintained in a separate ledger account. Each institution shall cause an audit of such account and of enrollment figures to be made annually by a certified public …

18A:72B-20. Suspension and recovery of funds 6. In the event any institution shall expend such funds in violation of the provisions of this act or the rules or regulations of the treasurer, the treasurer may suspend further aid to such institutions and recover any such funds ther…

18A:72B-21. Inapplicability of prohibition on disbursements to denominational schools The provisions of N.J.S. 18A:62-2 shall not be applicable to this act. L.1979, c. 132, s. 7, eff. July 6, 1979.

18A:72B-22. Rules and policies 8. The State Treasurer shall promulgate rules and adopt policies and make all determinations necessary for the proper administration and enforcement of the provisions of this act. L.1979,c.132,s.8; amended 1994,c.48,s.246.

18A:72B-23. Severability If any part of this act shall be held invalid, such holding shall not affect the validity of the remaining parts of this act. If a part of this act is invalid in one or more of its applications, the remaining parts of this act shall remain in effect in al…

18A:72B-24. Reduction of distributions if funds insufficient If the funds appropriated for the purposes of this act are insufficient to provide full funding under the formula contained herein, then the funds shall be distributed to eligible institutions on a pro rata basis with e…

18A:72B-25. "School" defined 1. As used in this act: "School" means the Morehouse School of Medicine in Atlanta, Georgia. L.1987,c.312,s.1; amended 1994,c.48,s.247.

18A:72B-26. Contract for acceptance of New Jersey residents 2. The State Treasurer is authorized to contract with the Morehouse School of Medicine for the acceptance of New Jersey residents to study medicine. L.1987,c.312,s.2; amended 1994,c.48,s.248.

18A:72B-27. Eligibility 3. Commencing with the first year class to be admitted for the 1987-88 academic year, the treasurer shall contract with the school for the acceptance of two to four medical students. The students shall be residents of New Jersey who are from a disadvantage…

18A:72B-28. Review of admissions procedures, records 4. The treasurer, at his discretion, shall periodically review the school's admissions procedures and records to determine if these procedures comply with the terms of the contract. L.1987,c.312,s.4; amended 1994,c.48,s.250.

18A:72B-29. Financial assistance Any student admitted to the school pursuant to this act is eligible for all financial assistance in the same manner as if the student is attending an institution of higher education in New Jersey. L. 1987, c. 312, s. 5.

18A:72B-30. $11,000 per year per student 6. The treasurer shall pay to the school $11,000.00 per year for each eligible student attending the school pursuant to this act, provided that the school charges the student only the tuition and fees required of resident students. Any sho…

18A:72B-31. Conditions 7. a. To be certified by the treasurer as eligible for admission to the school pursuant to this act, the applicant shall (1) be a resident of New Jersey for at least 12 months; and (2) enter into a written agreement to practice medicine for at least four ye…

18A:72B-32. Resident training program 8. The school, at a time agreed upon with the treasurer, shall implement a resident training program with a New Jersey hospital, if it is determined that an appropriate out-of-State training program is not available. L.1987, c.312, s.8; amend…