N.J. Stat. § 18A:71B-108

Current through L. 2024, c. 87.
Section 18A:71B-108 - Funding

The New Jersey ACES Program established pursuant to this act shall be funded equally by three sectors: the State of New Jersey; the participating public or independent research universities; and the State's private sector. The State shall fund one-third of the annual total program costs through appropriations, and the participating research universities shall fund one-third of the annual total program costs. The participating research universities shall be responsible for soliciting and securing the remaining one-third of program costs from the New Jersey private sector including corporations and companies representative of the STEM industry.

N.J.S. § 18A:71B-108

Added by L. 2019, c. 431,s. 5, eff. 1/21/2020.