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)
Authorizes the issuance of bonds to finance deferred maintenance projects included in the College and University Deferred Maintenance and Capital Improvement Program (EN 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.