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Code · New Jersey · Title 18A — Education · Chapter 72A

18A:72A-33. Moneys; separate account

104 words·~1 min read·/nj/title-18a/chapter-72a/18a-72a-33

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Moneys of the authority received from any private college in payment of any sum due to the authority pursuant to the terms of any loan or other agreement or any bond, note or other evidence of indebtedness, shall be deposited in an account in which only moneys received from private colleges shall be deposited and shall be kept separate and apart from and not commingled with any other moneys of the authority. Moneys deposited in such account shall be paid out on checks signed by the chairman of the authority or by such other person or persons as the authority may authorize.
L.1967, c.271.
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