N.J.S.A. 18A:64O-39 — Transfer of New Jesey City University financials, employees, properties.

18A:64O-39 Transfer of New Jesey City University financials, employees, properties. 6. Upon the merger of New Jersey City University and Kean University, and the receipt of any required notifications and prior approvals from State or federal authorities and any applicable accrediting bodies: a. All appropriations, grants, research funds, and other moneys available and to become available to New Jersey City University are hereby transferred to Kean University, and shall be available for the objects and purposes for which appropriated subject to any terms, restrictions, limitations, or other requirements imposed by the State budget and appropriations act or by State and federal law. b. All employees of New Jersey City University shall be considered new employees of Kean University. Nothing in the �Kean University � New Jersey City University Merger Act,� P.L.2025, c.218 (C.18A:64O-34 et al.) shall be considered to deprive any person of any tenure rights or academic rank acquired at New Jersey City University or any right or protection provided under any pension law or retirement system or any other law of this State. c. All files, books, papers, records, equipment, and other property of New Jersey City University are hereby transferred to Kean University. d. All orders, rules, or regulations heretofore made or promulgated by New Jersey City University shall be deemed null and void, unless Kean University, in its sole discretion, determines that such orders, rules, or regulations shall be continued. Such orders, rules, and regulations, if continued, may be the subject of any additions, deletions, revisions, or modifications issued by Kean University in accordance with its procedures for doing so. e. The full number of State-funded positions allocated to New Jersey City University in P.L.2025, c.74, the annual appropriations act for the State fiscal year 2026, shall be transferred to Kean University. f. Kean University shall be classified as a public research university for purposes of determining Tuition Aid Grant amounts provided by the Higher Education Student Assistance Authority. All students enrolled at Kean University who are eligible for Tuition Aid Grants pursuant to N.J.S.18A:71B-20 shall receive awards at the level established by the authority for public research universities. g. All grants, appropriations, budgeted amounts, gifts, bequests, tuition, endowments, and any other funding of any type whatsoever from any source whatsoever which has been designated for use, or is used by New Jersey City University, shall be allocated to Kean University. h. The State shall assist Kean University in its efforts to reduce, through defeasance or other financial means, the debt of New Jersey City University at the time of the merger issued by the New Jersey Educational Facilities Authority and the New Jersey Economic Development Authority. L.2025, c.218, s.6.

This is the verbatim text of N.J.S.A. 18A:64O-39, 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.