Establishes "Higher Education Deferred Maintenance Fund" to provide funding for deferred maintenance needs at public institutions of higher education.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates the ‘Higher Education Deferred Maintenance Fund’ to provide financial support for necessary repairs and upkeep at New Jersey’s public colleges and universities. Public institutions must develop and submit plans detailing their deferred maintenance needs and costs. The fund will be financed through legislative appropriations and potentially federal or private funds, and a formula will be established to distribute these funds to the institutions. The bill also allows for up to 50% of project costs at four-year schools and 100% at county colleges to be covered by the fund, with the remainder funded through other sources.
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Sponsors
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1 on record
Primary sponsor
Joseph Cryan
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