18A:72A-51 'Higher Education Facilities Trust Fund.' 3. There is created within the New Jersey Educational Facilities Authority, established pursuant to N.J.S.18A:72A-1 et seq., the 'Higher Education Facilities Trust Fund,' hereinafter referred to as the 'trust fund.' The trust fund shall be maintained as a separate account and administered by the authority to carry out the provisions of this act. The trust fund shall consist of: a. moneys received from the issuance of bonds or notes pursuant to section 9 of P.L.1993, c.375 (C.18A:72A-57) and an annual appropriation in an amount sufficient to pay the principal and interest on the bonds or notes; b. all moneys appropriated by the State for the purposes of the trust fund; and c. all interest and investment earnings received on moneys in the trust fund. L.1993, c.375, s.3; amended 2017, c.98, s.21.
New Jersey Legal Code