New Jersey § 18a:62-37
Full text of New Jersey New Jersey Statutes § 18a:62-37, with citation guidance and answers to common questions.
§ 18a:62-37.
With respect to a fiscal year in which at least one person , corporation or other business entity, or foundation shall have made a donation to a four-year public institution of higher education, or to a foundation
institutionally related to such a public institution, in the amount of $1,000,000
or more, the recipient institution or foundation shall be eligible to receive State
matching funds under this section. In the fiscal year next following the donation year, the institution or foundation
may apply to the State Treasurer for State matching funds in an amount equal to 10%
of the amount of each such donation received in the donation year. There shall be no limit on the number of such donations from single donors in that donation year in the amount of $1,000,000 or more each for which such application
may be made. Any such application shall be made only with respect to the entire donation year
and may be submitted at any time after the close of that donation year up until the application deadline established by the State Treasurer . Following the receipt of all applications, but not later than the 90th day following the application deadline , the State Treasurer shall determine the amount of State matching funds to which
the applicant institution or foundation is entitled under this subsection and shall
pay that amount from the grant fund to the institution or foundation, including with
that payment an explanation of the denial, if any, of any claim of entitlement to
matching funds for which the institution or foundation had applied. An institution or foundation that shall have received payment of State matching
funds under this section with respect to a donation year shall not thereafter receive
additional State matching funds with respect to the same donation year.
Frequently Asked Questions About New Jersey § 18a:62-37
What does New Jersey Statutes § 18a:62-37 cover?
Section 18a:62-37 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:62-37?
A common citation format is "New Jersey Statutes § 18a:62-37" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:62-37 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.