18A:72A-61 - "Higher Education Technology Infrastructure Fund." - New Jersey Statutes

18A:72A-61  "Higher Education Technology Infrastructure 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 Technology Infrastructure Fund," hereinafter referred to as the "technology fund."  The technology fund shall be maintained as a separate account and administered by the authority to carry out the provisions of this act.  The technology fund shall consist of:

a.  moneys received from the issuance of bonds or notes pursuant to section 7 of P.L.1997, c.238 (C.18A:72A-65);

b.  all moneys appropriated by the State for the purposes of the fund;  and

c.  all interest and investment earnings received on moneys in the  technology fund.

L.1997,c.238,s.3.