New Jersey § 39:3-27
Full text of New Jersey New Jersey Statutes § 39:3-27, with citation guidance and answers to common questions.
§ 39:3-27.
a. There is created in the Department of the Treasury a non- lapsing, interest-bearing
fund to be known as the “Deborah Hospital Foundation Fund.” There shall be deposited in the fund the amount collected from the application and
renewal fees collected pursuant to section 2 of this act, after reimbursement of the
division for its actual costs in administering this act, and the amount remaining
from the monies contributed by the Deborah Heart and Lung Center pursuant to section
4 of this act. b. Monies deposited in the fund shall be used by the Deborah Hospital Foundation to
fund programs and services for persons served by the Deborah Heart and Lung Center
in New Jersey. Monies deposited in the fund shall be held in interest-bearing accounts in public
depositories as defined pursuant to section 1 of P.L.1970, c. 236 ( C.17:9-41 ), and may be invested or reinvested in such securities as are approved by the State
Treasurer. Interest or other income earned on monies deposited into the fund, and any monies
which may be appropriated or otherwise become available for the purposes of the fund,
shall be credited to and deposited in the fund for use as set forth in this act. c. Monies in the Deborah Hospital Foundation Fund shall be withdrawn by the State
Treasurer and disbursed to the Deborah Hospital Foundation in Browns Mills, New Jersey,
upon request of the foundation pursuant to a voucher system to be established by the
State Treasurer. The foundation shall indicate on each voucher request the purpose to which the monies
disbursed shall be applied. d. The State Treasurer shall provide an annual report to the Deborah Hospital Foundation
on the status of the funds, and the foundation shall provide an annual report to the
State Treasurer documenting expenditures by the center of monies from the fund.
Frequently Asked Questions About New Jersey § 39:3-27
What does New Jersey Statutes § 39:3-27 cover?
Section 39:3-27 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 § 39:3-27?
A common citation format is "New Jersey Statutes § 39:3-27" (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 § 39:3-27 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.