Provides for institutions of higher education to first use capital outlay funding for deferred maintenance projects. (8/1/16) (EG INCREASE GF EX See Note)
Requires public institutions of higher education to submit annual fiscal monitoring report; authorizes Secretary of Higher Education to appoint State monitor of certain institutions; requires higher education chief financial officers complete training; annually appropriates $100,000.
Establishes process for merger or consolidation of public institution of higher education with other institutions of higher education or certain proprietary institutions; requires executive and legislative approval of merger or consolidation.
Requires public institutions of higher education to submit annual fiscal monitoring report; authorizes Secretary of Higher Education to appoint State monitor of certain institutions; requires higher education chief financial officers complete training; annually appropriates $100,000.
Revises Statewide transfer agreements for transfer of academic credit and reverse credit at participating institutions of higher education; establishes New Jersey Transfer Ombudsperson within Office of Secretary of Higher Education.