SENATE, No. 1473
STATE OF NEW JERSEY
INTRODUCED SEPTEMBER 19, 1996
By Senator MARTIN
An Act appropriating $50,250 from the “Jobs, Education and Competitiveness Bond Act of 1988,” P.L.1988, c.78, for the construction, reconstruction, development, extension, improvement and equipment of classrooms, academic buildings, libraries, computer facilities and other higher education buildings at New Jersey’s public and private institutions of higher education.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. There is appropriated to the Commission on Higher Education from the “Jobs, Education and Competitiveness Fund” created pursuant to section 14 of the “Jobs, Education and Competitiveness Bond Act of 1988,” P.L.1988, c.78, the sum of $50,250 for the purpose of construction, reconstructing, developing, extending, improving and equipping classrooms, academic buildings, libraries, computer facilities and other higher education buildings. The sum shall be allocated to the following institution of higher education which shall provide funds to projects which have been approved by the State Board of Higher Education as provided below:
Institution P.L. 1988, c.78
Project Funds Bond Funds
Construction of Higher
Education Buildings at
Independent Institutions
Construction of Academic
Building at Caldwell
College $4,025,475 $50,250
2. This act shall take effect immediately.
STATEMENT
This bill appropriates $50,250 from the “Jobs, Education and Competitiveness Fund” to Caldwell College for the construction of an academic building on the former site of the College Greenhouse. Caldwell College’s original allocation under the bond act was $750,000 which was appropriated under P.L 1990, c. 126. As a result of the closing of Upsala College, the Commission on Higher Education has approved the reallocation of Upsala College’s share of bond funds, $900,000, among the 14 independent colleges. This reallocation of JEC funds to Caldwell College increases its total allocation to $800,250.
Appropriates $50,250 from the “Jobs, Education and Competitiveness Bond Act of 1988" to the Commission on Higher Education for Caldwell College.