N.J.S.A. 18A:64-40

Commercial services on college campuses; self support; surplus funds

18A:64-40. Commercial services on college campuses; self support; surplus funds Operations of commercial services on college campuses, such as a food service or bookstore, or such commercial services as may be provided in a college union, shall, when operated by an auxiliary organization, be self supporting. Any surplus funds from commercial operations shall be used for purposes that are consistent with the educational purposes of the institution. L.1982, c. 16, s. 15, eff. April 1, 1982.

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This is the verbatim text of N.J.S.A. 18A:64-40, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.