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  • NJ A550
  • Requires New Jersey Educational Facilities Authority to annually prepare report on debt held by public institutions of higher education.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires the New Jersey Educational Facilities Authority to annually submit a report to the Governor and Legislature detailing the debt ratio and the debt burden ratio for each public institution of higher education. The bill defines the debt ratio as an institution's expendable net assets divided by its total long-term debt, while the debt burden ratio is defined as the institution's debt service due divided by its total expenditures.
Not specified
Introduced, Referred to Assembly Higher Education Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Higher Education Committee
Date Motion Yea Nay Other
None specified