Establishes a fund to support deferred maintenance projects at public institutions of higher education in New Jersey.
The bill establishes the "Higher Education Deferred Maintenance Fund" to provide funding for deferred maintenance needs at public institutions of higher education. It requires these institutions to submit a deferred maintenance plan to the Secretary of Higher Education detailing their outstanding maintenance needs and estimated costs. The Legislature can appropriate funds from the Higher Education Deferred Maintenance Fund to support these projects.
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