New Jersey § 18a:72a-12
Full text of New Jersey New Jersey Statutes § 18a:72a-12, with citation guidance and answers to common questions.
§ 18a:72a-12.
a. There is created within the New Jersey Educational Facilities Authority, established
pursuant to chapter 72A of Title 18A of the New Jersey Statutes, hereinafter referred
to as the “authority,” a county college capital projects fund to finance county college
capital projects. The authority may issue bonds to finance the State share of county college capital
projects and the county share of county college capital projects as certified by the
State Treasurer pursuant to section 2 of P.L.1971, c. 12 ( C.18A:64A-22.2 ). The State Treasurer is hereby authorized to enter into a contract with the authority
pursuant to which the State Treasurer, subject to available appropriation, shall pay
the amount necessary to pay the principal and interest on bonds and notes of the authority
issued to finance the State share of county college capital projects. The authority may enter into a loan agreement with each county in which a county
college capital project is located for the purpose of funding the county share of
the applicable county college capital project. b. The authority may from time to time issue bonds or notes in an amount sufficient
to finance county college capital projects and which shall also finance the administrative
costs and any reserves or other issuance costs associated with the issuance of bonds
or notes. The authority shall issue the bonds or notes in such manner as it shall determine
in accordance with the provisions of this act and the “New Jersey educational facilities
authority law,” N.J.S.18A:72A-1 et seq. The authority shall not issue any bonds or notes pursuant to this section without
the prior written consent of the State Treasurer.
Frequently Asked Questions About New Jersey § 18a:72a-12
What does New Jersey Statutes § 18a:72a-12 cover?
Section 18a:72a-12 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:72a-12?
A common citation format is "New Jersey Statutes § 18a:72a-12" (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:72a-12 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.