SENATE, No. 2198
STATE OF NEW JERSEY
INTRODUCED JUNE 16, 1997
By Senator INVERSO
An Act appropriating $994,500 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, in, but not of, the Department of State, from the "Jobs, Education and Competitiveness Bond Fund" created pursuant to section 14 of the "Jobs, Education and Competitiveness Bond Act of 1988," P.L.1988, c.78, the sum of $994,500 for the purpose of constructing, 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 institutions of higher education which shall provide funds to projects which have been approved by the Commission on Higher Education as provided below:
Project |
Institution Funds |
P.L. 1988, C.78 |
Construction of Higher Education Buildings at Independent Institutions |
|
|
Expansion of Equestrian Center at Centenary College |
$1,041,000 |
$450,000 |
Construction of Business and Technology Center at Centenary College |
$1,694,200 |
$350,250 |
Felician College |
|
$ 50,250 |
Saint Peter's University |
|
$ 64,000 |
Seton Hall University |
|
$ 80,000 |
TOTAL |
|
$ 994,500 |
2. This act shall take effect immediately.
STATEMENT
This bill appropriates $994,500 from the Jobs, Education and Competitiveness Bond Fund established under the "Jobs, Education and Competitiveness Bond Act of 1988," P.L.1988, c.78, to the Commission on Higher Education. Of this amount, $800,250 will go to Centenary College to expand its Equestrian Center and for the construction of a Business and Technology Center. The remaining funds will be appropriated to Felician College, St. Peters College and Seton Hall University and represent the redistribution of bond funds originally designated for Upsala College which closed in May of 1995.
Appropriates $994,500 from the Jobs, Education and Competitiveness Bond Fund to the Commission on Higher Education for construction projects at various independent colleges.