New Jersey § 18a:71b-30
Full text of New Jersey New Jersey Statutes § 18a:71b-30, with citation guidance and answers to common questions.
§ 18a:71b-30.
a. The State Treasurer, in consultation with the commission, shall also provide for
additional financial incentives to be provided to holders of Garden State Savings
Bonds to encourage the enrollment of students at institutions of higher education
located in the State of New Jersey. These financial incentives shall be in such forms as determined by the State Treasurer
in consultation with issuing officials at the time of the authorization of the Garden
State Savings Bonds and shall at a minimum provide that each participating institution
shall guarantee that the value of Garden State Savings Bonds redeemed for the purposes
of the payment of tuition, fees, and other educational costs at the institution, shall,
at the time of matriculation of the student, be increased by not less than six percent
of the face value of the bonds at the time of redemption. Two percent of the incentive amount shall be paid by the State, and four percent
by participating institutions. b. Every public institution of higher education in New Jersey shall participate in
the financial incentive program. Independent institutions of higher education in New Jersey may elect to participate
in the program. Each independent institution which elects to participate shall enter into a contract
with the Department of the Treasury which shall, at a minimum, define the terms of
participation and establish conditions under which an institution may withdraw from
the program. Any independent institution that withdraws from the program shall guarantee to provide
the financial incentives in effect for all bonds purchased during the period in which
the institution was a participant in the program. c. The original purchaser and any member of the immediate family of the original purchaser
of a Garden State Savings Bond shall be eligible for the financial incentive program
established pursuant to this section.
Frequently Asked Questions About New Jersey § 18a:71b-30
What does New Jersey Statutes § 18a:71b-30 cover?
Section 18a:71b-30 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:71b-30?
A common citation format is "New Jersey Statutes § 18a:71b-30" (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:71b-30 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.