New Jersey § 18a:72a-44
Full text of New Jersey New Jersey Statutes § 18a:72a-44, with citation guidance and answers to common questions.
§ 18a:72a-44.
The authority may enter into a lease agreement with a public or private institution
of higher education to finance the acquisition of higher education equipment by the
institution and which provides for the lease of the equipment by the authority to
the institution. The higher education equipment shall have a useful life equal to or greater than
the term of the bonds issued to finance the purchase of the equipment. During the period of the lease, the authority shall hold title to the equipment. At such time as the liabilities of the authority incurred for the purchase of the
higher education equipment have been met and the bonds of the authority issued therefor
have been paid, or such liabilities and bonds have otherwise been discharged, the
authority shall transfer title to the higher education equipment to the institution
to which the equipment is leased. However, if at any time prior thereto the institution ceases to operate, then title
shall vest in the authority.
Frequently Asked Questions About New Jersey § 18a:72a-44
What does New Jersey Statutes § 18a:72a-44 cover?
Section 18a:72a-44 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-44?
A common citation format is "New Jersey Statutes § 18a:72a-44" (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-44 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.