New Jersey Statutes 18A:71B-99. Military Dependents Scholarship Fund
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Terms Used In New Jersey Statutes 18A:71B-99
- Board: means the board of education. See New Jersey Statutes 18A:1-1
- Department: means the State Department of Education. See New Jersey Statutes 18A:1-1
- Higher education: means that education which is provided by any or all of the public institutions of higher education as herein defined and any or all equivalent private institutions. See New Jersey Statutes 18A:1-1
2. a. There is established in the Higher Education Student Assistance Authority a nonlapsing fund which shall be known as the Military Dependents Scholarship Fund. The fund shall be administered by the board of trustees established pursuant to section 3 of this act.
b. The fund shall consist of: all moneys appropriated by the Legislature for inclusion in the fund; investment earnings of the fund; and moneys contributed to the fund by private sources, to be used for the purposes of this act.
c. The moneys in the fund shall be invested and reinvested by the Director of the Division of Investment in the Department of the Treasury.
L.2015, c.117, s.2.