N.J.S.A. 2A:37-41.1 — Loan of moneys in separate fund to Rutgers University

2A:37-41.1. Loan of moneys in separate fund to Rutgers University From the fund established by section 2A:37-41 of the New Jersey Statutes, the State Treasurer is hereby authorized to lend to Rutgers, the State University, a sum not exceeding $1,000,000.00 for the purpose of constructing student dormitories and related capital facilities. Any such loan shall be repaid in equal annual installments over a period of 20 years commencing July 1, 1962 at a rate of interest equal to 4% per annum computed over the life of the loan. L.1961, c. 31, p. 123, s. 1, eff. May 25, 1961.

This is the verbatim text of N.J.S.A. 2A:37-41.1, 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.