18A:72A-64 - Application for grant, conditions - New Jersey Statutes

18A:72A-64  Application for grant, conditions.

6. a.  The governing board of a public or private institution of higher education may determine, by resolution, to apply for a grant from the technology fund.  Upon adoption of the resolution, the board shall file an application with the Commission on Higher Education, which application shall include a complete description of the technology infrastructure to be acquired and an identification of the sources of revenue to be used for the required institutional match.

b.  The commission shall review the application and, by resolution, approve or disapprove the grant.  For each grant which is approved,  the commission shall establish the amount and shall forward a copy of the resolution along with the amount of the grant to the authority.

c.  Each grant awarded under this act shall be contingent upon the recipient governing board entering into a contract or contracts for the acquisition of technology infrastructure within one year of the date on which the funds of the grant are made available to the institution.

L.1997,c.238,s.6.