reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:72A-27 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-27 - Additional powers of boards of governors, trustees.

18A:72A-27 Additional powers of boards of governors, trustees.  18A:72A-27. In addition thereto the board of governors of the university and the board of trustees of each of said colleges including county colleges shall have the following powers and shall be subject to the following duties as to its lands and dormitories: a. The power to pledge and assign all or any part of the revenues derived from the operation of such new dormitories as security for the payment of rentals due and to become due under any lease or sublease of such new dormitories under subsection c. of the preceding section. b. The power to covenant and agree in any lease or sublease of such new dormitories made under subsection c. of the preceding section to impose fees, rentals or other charges for the use and occupancy or other operation of such new dormitories in an amount calculated to produce net revenues sufficient to pay the rentals due and to become due under such lease or sublease. c. The power to apply all or any part of the revenues derived from the operation of any dormitories to the payment of rentals due and to become due under any lease or sublease made under subsection c. of the preceding section. d. The power to pledge and assign all or any part of the revenues derived from the operation of any dormitories to the payment of rentals due and to become due under any lease or sublease made under subsection c. of the preceding section. e. The power to covenant and agree in any lease or sublease made under subsection c. of the preceding section to impose fees, rentals or other charges for the use and occupancy or other operation of any dormitories in an amount calculated to produce net revenues sufficient to pay the rentals due and to become due under such lease or sublease. f. The power to indemnify the authority from any liability for loss or damage to any person or property of others resulting from any project financed or to be financed by the authority for the benefit of the college. L.1967, c.271; amended 1971, c.77, s.2; 1999, c.217, s.13.
NJ Rev Stat § 18A:72A-27.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-27.1 - Powers and duties, revenue producing facilities.

18A:72A-27.1 Powers and duties, revenue producing facilities.  18A:72A-27.1. In addition to the powers and duties with respect to dormitories given under N.J.S.18A:72A-26 and N.J.S.18A:72A-27 the treasurer, the board of governors of the university, the board of trustees of the New Jersey Institute of Technology, the board of trustees of a State college, the board of trustees of Rowan University, the board of trustees of Montclair State University, the board of trustees of Kean University, and the board of trustees of a county college shall also have the same power and be subject to the same duties in relation to any conveyance, lease or sublease made under subsection a., b., or c. of N.J.S.18A:72A-26, with respect to revenue producing facilities; that is to say, structures or facilities which produce revenues sufficient to pay the rentals due and to become due under any lease or sublease made under subsection c. of N.J.S.18A:72A-26 including, without limitation, student unions and parking facilities. amended 1971, c.74; 1971, c.77, s.3; 1994, c.48, s.239; 2012, c.45, s.105; 2017, c.178, s.62; 2021, c.282, s.64.
NJ Rev Stat § 18A:72A-27.2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-27.2 - Powers of board of trustees

18A:72A-27.2. Powers of board of trustees  In addition to the powers and duties with respect to dormitories and revenue producing facilities given under the provisions of this chapter, the board of trustees of a State college shall have the following powers with respect to any educational facility, as defined in N.J.S. 18A:72A-3:  a. To enter into any conveyance, lease or sublease of the type provided for in N.J.S. 18A:72A-26, 18A:72A-27 and 18A:72A-27.1 with the authority, with respect to the acquisition, construction and financing of any educational facility;  b. To enter into any other agreement with the authority, with respect to the acquisition, construction or financing of an educational facility according to terms and conditions which the authority and the board of trustees shall determine in accordance with the powers of the authority;  c. To pledge and assign all or any part of any funds appropriated to the State college and available for the purposes provided in subsections a. and b. of this section or any other available monies of the State college to the payment of any amount due and owing under any agreement made under subsections a. and b. of this section if that agreement expressly states that the payment of any and all amounts due and owing thereunder shall, to the extent the funds shall be derived from appropriations, depend on appropriations being made by the Legislature.  L. 1988, c. 159, s. 1.
NJ Rev Stat § 18A:72A-27.3 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-27.3 - Submission of proposed projects to the Legislature.

18A:72A-27.3 Submission of proposed projects to the Legislature.  2. The board of trustees of the public institution of higher education shall submit a copy of a resolution approving any non-revenue producing facility project to the President of the Senate and the Speaker of the General Assembly and shall submit informational copies of the proposal to the members of the Senate Budget and Appropriations Committee and the Assembly Appropriations Committee and to the Commission on Higher Education. The submission shall include all appropriate supporting information including, but not limited to, a description of the project, its impact, cost and construction schedule, and a detailed explanation of the sources of revenue which will be dedicated to the financing of the project. If the Legislature does not disapprove the proposal by the adoption of a concurrent resolution within 45 days, the proposal shall be deemed to be approved. L.1988,c.159,s.2; amended 1994, c.48, s.240; 1999, c.46, s.49; 1999, c.217, s.14.
NJ Rev Stat § 18A:72A-28 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-28 - Approval of plans, specifications and locations

18A:72A-28. Approval of plans, specifications and locations  The board of governors of the university or the board of trustees of the Newark College of Engineering or the board of trustees of a State college or the board of trustees of a county college shall approve the plans and specifications and location of each dormitory undertaken for it or under its control, prior to the undertaking thereof by the authority. L.1967, c.271; amended by L.1971, c. 77, s. 4, eff. April 5, 1971.
NJ Rev Stat § 18A:72A-29 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-29 - Lands, assets titled in name of State.

18A:72A-29 Lands, assets titled in name of State.  18A:72A-29. All lands and other assets real or personal presently titled in the name of the State Board of Higher Education or the State Department of Higher Education, which are occupied by a public institution of higher education shall be titled in the name of the State of New Jersey only. All conveyances, leases and subleases, pursuant to this chapter shall be made, executed and delivered in the name of the State and shall be signed by the State Treasurer and sealed with the seal of the State.  To the extent not otherwise expressly provided under existing law, all powers and duties conferred upon the university pursuant to this chapter shall be exercised and performed by resolution of its board of governors and all powers and duties conferred upon any of said colleges pursuant to this chapter shall be exercised and performed by resolution of its board of trustees.  All conveyances, leases and subleases made pursuant to this chapter, when duly authorized by the university, shall be made, executed and delivered in the name of the university and shall be signed by its president or a vice president and sealed with the seal of the university and all conveyances, leases and subleases made pursuant to this chapter, when duly authorized by any of said colleges, shall be made, executed and delivered in the name of the college and shall be signed by the president or a vice president and sealed with the seal of the college.  L.1967, c.271; amended 1994, c.48, s.241; 1999, c.46, s.50.
NJ Rev Stat § 18A:72A-31 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-31 - Construction loans; terms

18A:72A-31. Construction loans; terms  The authority also shall have power: (a) to make loans to any private college for the construction of projects in accordance with a loan agreement and plans and specifications approved by the authority. No such loan shall exceed the total cost of such project and the equipment therefor as determined by the authority. Each such loan shall be premised upon an agreement between the authority and the private college as to payment, security, maturity, redemption, interest and other appropriate matters. (b) to make loans to any private college to refund existing bonds, mortgages or advances given or made by such private college for the construction of projects to the extent that this will enable such private college to offer greater security for loans for new project construction. L.1967, c.271.
NJ Rev Stat § 18A:72A-32 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-32 - Power of private colleges to mortgage

18A:72A-32. Power of private colleges to mortgage  For the purpose of obtaining and securing loans under section 18A:72A-31 every private college shall, notwithstanding the provisions of any other law, have power to mortgage and pledge any of its real or personal property, and to pledge any of its income from whatever source to repay the principal of and interest on any loan made to it by the authority or to pay the interest on and principal and redemption premium, if any, of any note, bond or other evidence of indebtedness evidencing the debt created by any such loan; provided that the foregoing shall not be construed to authorize actions in conflict with specific legislation, trusts, endowment, or other agreements relating to specific properties or funds. L.1967, c.271.
NJ Rev Stat § 18A:72A-33 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-33 - Moneys; separate account

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.
NJ Rev Stat § 18A:72A-34 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-34 - Authority; construction, operation and management

18A:72A-34. Authority; construction, operation and management  (a) Whenever the authority under section 18A:72A-30 undertakes to construct, acquire or otherwise provide and operate and manage a project, the authority shall be responsible for the direct operation and maintenance costs of such project, but each private college in connection with which such a project is provided and operated and managed shall be responsible at its own expense for the overall supervision of each project, for the overhead and general administrative costs of the private college which are incurred because of such project and for the integration of each project operation into the institution's educational program. (b) Whenever the authority under section 18A:72A-30 undertakes to construct, acquire or otherwise provide a project and to lease the same to a private college, the lessee shall be responsible for the direct operation and maintenance costs of such project and, in addition, shall be responsible for the overall supervision of each project, for the overhead and general administrative costs of the lessee which are incurred because of such project and for the integration of each project operation into the lessee's educational program. (c) Whenever the authority under section 18A:72A-31 makes loans for the construction of a project, the private college at which such project is located shall be responsible for the direct operation and maintenance costs of such project and, in addition, shall be responsible for the overall supervision of each project, for the overhead and general administrative costs of the private college which are incurred because of such project and for the integration of each project operation into the institution's educational program. L.1967, c.271.
NJ Rev Stat § 18A:72A-35 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-35 - Private colleges; pledges

18A:72A-35. Private colleges; pledges  Any pledge of moneys, earnings, income or revenues authorized with respect to private colleges, pursuant to the provisions of this chapter, shall be valid and binding from the time when the pledge is made. The moneys, earnings, income or revenues so pledged and thereafter received by the pledgor shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act. The lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the pledgor irrespective of whether such parties have notice thereof. No instrument by which such a pledge is created need be filed or recorded in any manner. L.1967, c.271.
NJ Rev Stat § 18A:72A-36 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-36 - Construction of chapter

18A:72A-36. Construction of chapter  This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof. L.1967, c.271.
NJ Rev Stat § 18A:72A-37 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-37 - No liability or pledge of credit of state

18A:72A-37. No liability or pledge of credit of state  Nothing contained in this chapter shall be deemed or construed to create or constitute a debt, liability, or a loan or pledge of the credit, of the state. L.1967, c.271.
NJ Rev Stat § 18A:72A-38 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-38 - Powers supplemental and not derogatory

18A:72A-38. Powers supplemental and not derogatory  The foregoing sections of this chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing; provided, however, that the issuance of bonds or refunding bonds under the provisions of this chapter need not comply with the requirements of any other law applicable to the issuance of bonds. L.1967, c.271.
NJ Rev Stat § 18A:72A-39 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-39 - Inconsistent laws inapplicable

18A:72A-39. Inconsistent laws inapplicable  The powers granted to the authority by this chapter may be exercised without regard or reference to any department or agency of the state. All other general or special laws, or parts thereof, inconsistent with this chapter are hereby declared to be inapplicable to the provisions of this chapter. L.1967, c.271.
NJ Rev Stat § 18A:72A-40 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-40 - Short title

18A:72A-40. Short title  1. This act shall be known and may be cited as the "Higher Education Equipment Leasing Fund Act."  L.1993,c.136,s.1.
NJ Rev Stat § 18A:72A-41 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-41 - Findings, declarations.

18A:72A-41 Findings, declarations.  2. The Legislature finds and declares that: a. Higher education plays a vital role in the economic development of the nation and the State by providing the education and training of the work force of the future and by advancing science and technology through research; b. The rapid technological changes occurring throughout the world have a considerable impact on the quality of teaching, learning, and research at colleges and universities; c. The current inventory of instructional and research equipment at the colleges and universities within the State is aging, both chronologically and technologically, and much of it has been rendered obsolete; and d. The Secretary of Higher Education, who is statutorily responsible for the coordination and planning of higher education in New Jersey, has identified a crucial need to establish a regular financing mechanism for scientific, engineering, technical, computer, communications, and instructional equipment at New Jersey's public and private institutions of higher education. L.1993, c.136, s.2; amended 2009, c.308, s.32; 2012, c.42, s.2.
NJ Rev Stat § 18A:72A-43 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-43 - Allocation of moneys.

18A:72A-43 Allocation of moneys.  6. The moneys deposited into the fund created pursuant to section 5 of P.L.1993, c.136 (C.18A:72A-42) shall be allocated in the following manner: a. A minimum of $24,000,000 for the leasing of higher education equipment at the State colleges; b. A minimum of $19,440,000 for the leasing of higher education equipment at Rutgers, The State University; c. A minimum of $10,080,000 for the leasing of higher education equipment at the University of Medicine and Dentistry of New Jersey; d. A minimum of $6,480,000 for the leasing of higher education equipment at the New Jersey Institute of Technology; e. A minimum of $22,000,000 for the leasing of higher education equipment at the county colleges; f. A minimum of $10,500,000 for the leasing of higher education equipment at private institutions of higher education; and g. A minimum of $7,500,000 for the leasing of higher education equipment for emerging needs programs at public and private institutions of higher education. The Secretary of Higher Education may apportion the amounts authorized in subsection g. among any other amounts authorized in subsections a. through f. The Secretary of Higher Education may reallocate any balance in the amounts authorized in subsections a. through g. of this section which have not been fully committed within 18 months of the effective date of this act. The Secretary of Higher Education shall determine the allocation of moneys deposited into the fund resulting from the issuance by the authority of new bonds because of the retirement of bonds previously issued by the authority. L.1993, c.136, s.6; amended 2009, c.308, s.34; 2012, c.42, s.3.
NJ Rev Stat § 18A:72A-44 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-44 - Lease agreements to finance acquisition of higher education equipment

18A:72A-44. Lease agreements to finance acquisition of higher education equipment  7. The authority may enter into a lease agreement with a public or private institution of higher education to finance the acquisition of higher education equipment by the institution and which provides for the lease of the equipment by the authority to the institution. The higher education equipment shall have a useful life equal to or greater than the term of the bonds issued to finance the purchase of the equipment. During the period of the lease, the authority shall hold title to the equipment. At such time as the liabilities of the authority incurred for the purchase of the higher education equipment have been met and the bonds of the authority issued therefor have been paid, or such liabilities and bonds have otherwise been discharged, the authority shall transfer title to the higher education equipment to the institution to which the equipment is leased. However, if at any time prior thereto the institution ceases to operate, then title shall vest in the authority.  L.1993,c.136,s.7.
NJ Rev Stat § 18A:72A-45 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 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 Secretary of Higher Education has approved the purchase of the higher education equipment by the institution. The secretary shall provide a written certification of such approval including the amount approved to the authority. L.1993, c.136, s.8; amended 2009, c.308, s.35; 2012, c.42, s.4.
NJ Rev Stat § 18A:72A-45.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-45.1 - JBOC approval required for lease agreement.

18A:72A-45.1 JBOC approval required for lease agreement.  23. The authority shall not enter into a lease agreement with an institution of higher education without the review and approval of the Joint Budget Oversight Committee. The Joint Budget Oversight Committee shall approve or disapprove each lease agreement within 10 working days of receipt of the lease information or the lease agreement shall be deemed approved. L.2012, c.42, s.23.
NJ Rev Stat § 18A:72A-46 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-46 - Amount retained by State to satisfy deficiency

18A:72A-46. Amount retained by State to satisfy deficiency  9. a. To assure the continued operation and solvency of the leasing fund program, the authority shall require that if an institution of higher education fails or is unable to pay to the authority in full, when due, any obligation of the institution to the authority, an amount sufficient to satisfy the deficiency shall be retained by the State Treasurer from State aid or an appropriation payable to the institution. As used in this section, obligation of the institution means any amount payable by the institution for equipment leasing pursuant to a lease agreement with the authority.  b. The amount retained by the State Treasurer shall be deducted from the corresponding appropriation or apportionment of State aid payable to the institution of higher education and shall not obligate the State to make, nor entitle the institution to receive, any additional appropriation or apportionment.  L.1993,c.136,s.9.
NJ Rev Stat § 18A:72A-47 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-47 - Annual report.

18A:72A-47 Annual report.  10. The Secretary of Higher Education shall annually submit a report to the Governor and the Legislature on the higher education equipment purchases at public and private institutions of higher education which have been approved by the secretary and financed by the New Jersey Educational Facilities Authority pursuant to lease agreements with the institutions. L.1993, c.136, s.10; amended 2009, c.308, s.36; 2012, c.42, s.5.
NJ Rev Stat § 18A:72A-48 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-48 - Rules, regulations.

18A:72A-48 Rules, regulations.  11. The Secretary of Higher Education, in consultation with the New Jersey Educational Facilities Authority, shall adopt, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), the rules and regulations necessary to carry out the provisions of this act. L.1993, c.136, s.11; amended 2009, c.308, s.37; 2012, c.42, s.6.
NJ Rev Stat § 18A:72A-49 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:72A-49 - Short title

18A:72A-49. Short title  1. This act shall be known and may be cited as the "Higher Education Facilities Trust Fund Act."  L.1993,c.375,s.1.