Terms Used In New Jersey Statutes 18A:71C-71

  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Employment: includes employment in a position. See New Jersey Statutes 18A:1-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
6. a. A program participant who has previously entered into a contract with the authority may nullify the agreement by notifying the authority in writing and reassuming full responsibility for the remaining outstanding balance of the loan debt. In no event shall employment for less than the full calendar year entitle the program participant to any benefits under the program.

b. In the case of a program participant’s death or total and permanent disability, the authority shall nullify the employment obligation of the program participant. The nullification shall terminate the authority’s obligations under the loan redemption contract. When continued enforcement of the contract may result in extreme hardship, the authority may nullify or suspend the employment obligation of the program participant.

c. In the case of a program participant’s conviction of a crime or an act of gross negligence in the performance of employment obligations, or a program participant’s breach of the standards established pursuant to section 5 of this act, the executive director or his designee is authorized to terminate the program participant’s participation in the program.

L.2018, c.142, s.6.

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