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NEW JERSEY STATUTES AND CODES
18A:72A-45 - Approval for lease agreements
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 Commission on Higher Education has adopted a resolution which approves the purchase of the higher education equipment by the institution. The commission shall forward a copy of the resolution along with the amount of the approved purchase to the authority.
L.1993, c.136, s.8; amended 2009, c.308, s.35.
8.The authority shall not enter into a lease agreement with an institution of higher education unless the Commission on Higher Education has adopted a resolution which approves the purchase of the higher education equipment by the institution. The commission shall forward a copy of the resolution along with the amount of the approved purchase to the authority.
L.1993, c.136, s.8; amended 2009, c.308, s.35.
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