3. a. There is established the New Jersey Civic Information Consortium which shall consist of the following member universities: The College of New Jersey; Kean University; Montclair State University; the New Jersey Institute of Technology; Rowan University; and Rutgers, The State University. The purpose of the consortium shall be to advance research and innovation in the field of media and technology to benefit the State’s civic life and evolving information needs.

b. The consortium shall be established as a nonprofit corporation that is an educational and charitable corporation validly existing and in good standing under the “New Jersey Nonprofit Corporation Act,” P.L.1983, c.127 (N.J.S. 15A:1-1 et seq.), is incorporated, organized, and operated in such a manner as to qualify as a nonprofit corporation described in section 501(c)(3) of the federal Internal Revenue Code, 26 U.S.C. § 501(c)(3), and structured as a supporting organization to its member universities in a manner that the Internal Revenue Service would deem the consortium to be a public charity, and shall be subject to all applicable State laws governing nonprofit corporations. The consortium shall be accountable and subject to the same federal Internal Revenue Code disclosure requirements of any nonprofit organization pursuant to 26 U.S.C. § 6033, such as making public its Internal Revenue Service Form 990 and filing a copy of that form and a copy of its annual financial report and audited financial reports with the Attorney General.

L.2018, c.111, s.3; amended 2021, c.282, s.42.