18A:72A-33 - Moneys; separate account - New Jersey Statutes

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 which only moneys received from private colleges shall be deposited  and shall be kept separate and apart from and not commingled with any other  moneys of the authority.  Moneys deposited in such account shall be paid out on  checks signed by the chairman of the authority or by such other person or  persons as the authority may authorize.
 
L.1967, c.271.