3. The Sustainable New Jersey Fund shall be annually credited with money appropriated by the Legislature, which moneys shall be disbursed to the public institution of higher education that is partnered with a qualified nonprofit organization. The qualified nonprofit organization that receives the funds from the public institution of higher education pursuant to the provisions of P.L.2023, c.81 (C. 13:1D-9.6 et seq.) shall assume the status of that public institution for purposes of compliance with the provisions of the “Local Public Contracts Law,” P.L.1971, c.198 (C. 40A:11-1 et seq.) or the “Public School Contracts Law,” N.J.S. 18A:18A-1 et seq. when contracting with a municipality, school, school district, and other State or local government contracting agency related to any services, certification processes, support initiatives, or grants of the qualified nonprofit organization for efforts to realize environmental, economic, and social sustainability.

L.2023, c.81, s.3.