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Bill > S4508
NJ S4508
NJ S4508Establishes "Higher Education Deferred Maintenance Fund" to provide funding for deferred maintenance needs at public institutions of higher education.
summary
Introduced
05/22/2025
05/22/2025
In Committee
05/22/2025
05/22/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill establishes a "Higher Education Deferred Maintenance Fund" to provide funding for deferred maintenance needs at public institutions of higher education. The bill requires public institutions of higher education to, within 90 days following enactment, submit a deferred maintenance plan to the Secretary of Higher Education that details the institution's outstanding deferred maintenance needs and the anticipated cost of addressing the needs. The deferred maintenance plan would be updated every five years, except that an institution of higher education that maintains a long-range facilities plan pursuant to current law may revise and submit the deferred maintenance plan in conjunction with the institution's updates to the long-range facilities plan. Additionally, the bill establishes the "Higher Education Deferred Maintenance Fund," which would be credited with moneys appropriated by the Legislature, as well as any other federal or private funds available for the purpose of addressing deferred maintenance needs at public institutions of higher education. The bill authorizes the Legislature to, from time to time, appropriate the moneys credited to the fund to support the costs of deferred maintenance projects. The bill requires the Secretary of Higher Education, in consultation with the New Jersey Educational Facilities Authority and representatives from public institutions of higher education, to develop a formula to allocate funding appropriated from the Higher Education Deferred Maintenance Fund. The bill also stipulates that funds allocated to a public institution of higher education under the bill may account for: up to 50 percent of the cost of a deferred maintenance project at a four-year public institution of higher education; and up to 100 percent of the cost of a deferred maintenance project at a two-year public institution of higher education. Any remaining costs are to be supported by non-State funds.
AI Summary
This bill establishes the "Higher Education Deferred Maintenance Fund" to address maintenance needs at public higher education institutions in New Jersey. The legislation requires each public college and university to submit a detailed deferred maintenance plan to the Secretary of Higher Education within 90 days of enactment, outlining their outstanding maintenance needs and estimated costs. These plans must be updated every five years. The fund will be a revolving account within the Treasury, which can receive legislative appropriations, federal funds, and private contributions. The bill allows the Legislature to allocate funds from this account to support maintenance projects, with a funding formula to be developed by the Secretary of Higher Education in consultation with the New Jersey Educational Facilities Authority. Notably, the bill provides different funding levels for different types of institutions: four-year public universities can receive up to 50% of project costs, while county colleges can receive up to 100% of project costs. Any remaining project expenses must be covered by non-State funds. The term "deferred maintenance" is defined as scheduled or unscheduled maintenance that was not previously performed, and institutions receiving funds will be required to report details about the maintenance projects they undertake.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee (on 05/22/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S4508 |
| BillText | https://pub.njleg.gov/Bills/2024/S5000/4508_I1.HTM |
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