New Jersey Statutes 18A:72A-12.6. “Dormitory Safety Trust Fund.”
Terms Used In New Jersey Statutes 18A:72A-12.6
- Higher education: means that education which is provided by any or all of the public institutions of higher education as herein defined and any or all equivalent private institutions. See New Jersey Statutes 18A:1-1
(1) moneys received from the sale of bonds or notes issued pursuant to section 8 of P.L.2000, c.56 (C. 18A:72A-12.8);
(2) moneys appropriated by the Legislature, including moneys as may be appropriated annually in an amount sufficient to pay the principal and interest on the bonds or notes;
(3) all interest and investment earnings received on the moneys in the trust fund; and
(4) all repayments of loans authorized pursuant to P.L.2000, c.56 (C. 52:27D-198.7 et al.).
b. The trust fund shall be used to provide loans to the schools and institutions of higher education which are required pursuant to P.L.2000, c.56 (C. 52:27D-198.7 et al.) to install automatic fire suppression systems, for the cost, or a portion of the cost, of the construction, reconstruction, development, extension or improvement of dormitory safety facilities, including fire prevention and sprinkler systems.
L.2000,c.56,s.6.