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NJ S3208

NJ S3208
Prohibits institution of higher education which boycotts or divests from Israel-supporting or Israeli businesses from receiving State funds.


summary

Introduced
05/13/2024
In Committee
05/13/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill prohibits an institution of higher education which boycotts or divests from Israel-supporting businesses or Israeli businesses from receiving State funds. Under the bill, an institution of higher education is prohibited from receiving State operating aid; the proceeds State-supported revenue bonds that are issued by the New Jersey Educational Facilities Authority; the proceeds of State general obligation bonds; or funds awarded to a student enrolled in the institution distributed through any State student assistance or scholarship program administered by the Higher Education Student Assistance Authority if the institution, including all endowment funds, subdivisions, departments, and sections of the institution: boycotts the goods, products, or businesses of Israel; boycotts entities doing business with Israel; boycotts companies operating in Israel or Israeli-controlled territory; divests from any investment due to a company's support, either through in-kind or for-profit, of Israel; or supports or participates in the Boycott, Divestment, and Sanctions movement.

AI Summary

This bill prohibits an institution of higher education in New Jersey from receiving state funds if it boycotts or divests from Israel-supporting businesses or Israeli businesses. The bill defines "boycott" as actions intended to limit commercial relations with another state or nation, "divestment" as selling or withdrawing investments from a company due to its support for Israel, and the "Boycott, Divestment, and Sanctions movement" as efforts to put economic and political pressure on states, businesses, and organizations to influence their behavior against Israel. The bill does not prohibit divestment for prudent economic reasons.

Committee Categories

Education

Sponsors (4)

Last Action

Introduced in the Senate, Referred to Senate Higher Education Committee (on 05/13/2024)

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