New Jersey § 18a:72a-46
Full text of New Jersey New Jersey Statutes § 18a:72a-46, with citation guidance and answers to common questions.
§ 18a:72a-46.
a. To assure the continued operation and solvency of the leasing fund program, the
authority shall require that if an institution of higher education fails or is unable
to pay to the authority in full, when due, any obligation of the institution to the
authority, an amount sufficient to satisfy the deficiency shall be retained by the
State Treasurer from State aid or an appropriation payable to the institution. As used in this section, obligation of the institution means any amount payable
by the institution for equipment leasing pursuant to a lease agreement with the authority. b. The amount retained by the State Treasurer shall be deducted from the corresponding
appropriation or apportionment of State aid payable to the institution of higher education
and shall not obligate the State to make, nor entitle the institution to receive,
any additional appropriation or apportionment.
Frequently Asked Questions About New Jersey § 18a:72a-46
What does New Jersey Statutes § 18a:72a-46 cover?
Section 18a:72a-46 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-46?
A common citation format is "New Jersey Statutes § 18a:72a-46" (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-46 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.