Title 18A, Title 18A: EDUCATION

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 …

18A:72A-43 Allocation of moneys. 6. The moneys deposited into the fund created pursuant to section 5 of P.L.1993, c.136 (C.18A:72A-42) shall be allocated in the following manner: a. A minimum of $24,000,000 for the leasing of higher education equipment at the State colleges; b. A…

18A:72A-44. Lease agreements to finance acquisition of higher education equipment 7. The authority may enter into a lease agreement with a public or private institution of higher education to finance the acquisition of higher education equipment by the institution and which provi…

18A:72A-45 Approval for lease agreements. 8. The authority shall not enter into a lease agreement with an institution of higher education unless the Secretary of Higher Education has approved the purchase of the higher education equipment by the institution. The secretary shall p…

18A:72A-45.1 JBOC approval required for lease agreement. 23. The authority shall not enter into a lease agreement with an institution of higher education without the review and approval of the Joint Budget Oversight Committee. The Joint Budget Oversight Committee shall approve or…

18A:72A-46. Amount retained by State to satisfy deficiency 9. a. To assure the continued operation and solvency of the leasing fund program, the authority shall require that if an institution of higher education fails or is unable to pay to the authority in full, when due, any ob…

18A:72A-47 Annual report. 10. The Secretary of Higher Education shall annually submit a report to the Governor and the Legislature on the higher education equipment purchases at public and private institutions of higher education which have been approved by the secretary and fina…

18A:72A-48 Rules, regulations. 11. The Secretary of Higher Education, in consultation with the New Jersey Educational Facilities Authority, shall adopt, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), the rules and regulations necessary to ca…

18A:72A-49. Short title 1. This act shall be known and may be cited as the "Higher Education Facilities Trust Fund Act." L.1993,c.375,s.1.

18A:72A-5 Authority's powers. 18A:72A-5. The authority shall have power: (a) To adopt bylaws for the regulation of its affairs and the conduct of its business; (b) To adopt and have an official common seal and alter the same at pleasure; (c) To maintain an office at such place or…

18A:72A-5.1 Prevailing wage rate for workers employed on projects with New Jersey Educational Facilities Authority involvement. 5. Each worker employed in the construction or rehabilitation of facilities undertaken in connection with loans, loan guarantees, expenditures, investme…

18A:72A-5.2 Exercise of rights, powers or duties. 6. For the purpose of implementing the provisions of sections 5 through 7 of this act, the Commissioner of Labor and Workforce Development shall, and a worker employed in the performance of work subject to this act or the employer…

18A:72A-5.3 Prevailing wage rules, regulations, adoption by New Jersey Educational Facilities Authority. 7. The New Jersey Educational Facilities Authority shall, in consultation with the Commissioner of Labor and Workforce Development, adopt rules and regulations, consistent wit…

18A:72A-5.4 Inapplicability of C.18A:72A-5.1 through C.18A:72A-5.3. 8. The provisions of sections 5 through 7 of this act shall not apply to construction and rehabilitation of facilities conducted entirely under contracts entered into prior to the effective date of this act or to…

18A:72A-50. Findings, declarations 2. The Legislature finds and declares that: a. Higher education plays a vital role in the economic development of the nation and of the State by providing the education and training of the work force of the future and by advancing science and te…

18A:72A-51 "Higher Education Facilities Trust Fund." 3. There is created within the New Jersey Educational Facilities Authority, established pursuant to N.J.S.18A:72A-1 et seq., the "Higher Education Facilities Trust Fund," hereinafter referred to as the "trust fund." The trust f…

18A:72A-52. Use of trust fund 4. The trust fund shall be used to provide grants to New Jersey's public and private institutions of higher education for the cost, or a portion of the cost, of the construction, reconstruction, development, extension, and improvement of instructiona…

18A:72A-53 Allocation of initial grants. 5. The initial grants from the trust fund shall be allocated as follows: a. $48,000,000 for facilities at the State Colleges; b. $38,880,000 for facilities at Rutgers, The State University; c. $20,160,000 for facilities at the University o…

18A:72A-54 Application for grant. 6. a. The governing board of a public or private institution of higher education may determine, by resolution, to apply for a grant from the trust fund. Upon adoption of the resolution, the board shall file an application with the Secretary of Hi…

18A:72A-55 List of selection criteria. 7. In order to ensure the most effective utilization of the moneys in the trust fund and to guide governing boards which elect to apply for a grant, the Secretary of Higher Education shall establish a list of selection criteria and shall spe…

18A:72A-56 "Higher Education Facilities Trust Fund Board." 8. In order to ensure proper oversight and review, there is created the "Higher Education Facilities Trust Fund Board" which shall consist of four members as follows: the Secretary of Higher Education; the State Treasurer…