N.J.S.A. 52:27C-102

Use of funds by foundation; receipt of gifts.

52:27C-102 Use of funds by foundation; receipt of gifts. 7. All funds received by the Foundation for Technology Advancement, other than those necessary to pay the expenses of the foundation, shall be used exclusively for the establishment, support and promotion of the foundation. The foundation is authorized to receive and administer gifts, contributions, and funds from public and private sources to be expended solely for the purposes provided in section 1 of this act. L.2005,c.373,s.7.

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This is the verbatim text of N.J.S.A. 52:27C-102, 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.

N.J.S.A. 52:27C-102 — Use of funds by foundation; receipt of gifts. | Kyzer