New Jersey § 18a:64-18
Full text of New Jersey New Jersey Statutes § 18a:64-18, with citation guidance and answers to common questions.
§ 18a:64-18.
a. Moneys which are derived by the State colleges as room and board revenues from
student housing and food service facilities and which are not pledged for the payment
of principal and interest on bonds of this State and which are in excess of sums required
for the operation, maintenance, and rental of such facilities shall be retained in
a separate account by each college and may be expended by each college for the cost
of operation, maintenance and rental of such facilities in subsequent years. The unexpended balance in any such account at the end of any fiscal year shall not
lapse into the General Treasury. b. Moneys which are derived from student union building fees collected at a State
college, which are in excess of the sums required for the operation, maintenance and
rental of such a facility, shall be retained in a separate account by each college
and may be expended by each college for the cost of operation, maintenance and rental
of such facilities in subsequent years. The unexpended balance of any such account at the end of any fiscal year shall not
lapse into the General Treasury. c. Moneys which are derived from the operation of parking facilities, and any other
facilities financed by student fees, which are in excess of sums required for the
operation and maintenance of such facilities at a State college, shall be retained
in a separate account by each college and may be expended by each college for the
cost of operation, maintenance and rental of such facilities in subsequent years. The unexpended balance of any such account at the end of any fiscal year shall not
lapse into the General Treasury. d. No revenues received pursuant to this section shall be transferred from their respective
accounts if contractual obligations between the college and the New Jersey Educational Facilities Authority prohibit these actions.
Frequently Asked Questions About New Jersey § 18a:64-18
What does New Jersey Statutes § 18a:64-18 cover?
Section 18a:64-18 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:64-18?
A common citation format is "New Jersey Statutes § 18a:64-18" (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:64-18 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.