Bill Text: NJ S3602 | 2024-2025 | Regular Session | Amended

---

Bill Title: Makes supplemental appropriation of $20 million for provision of Summer Tuition Aid Grants in summer 2025; provides conditional authority for transfer of additional resources to Summer Tuition Aid Grants account.

Spectrum: Bipartisan Bill

Status: (Introduced) 2024-09-30 - Substituted by A4811 (1R) [S3602 Detail]

Download: New_Jersey-2024-S3602-Amended.html

---

[First Reprint]

SENATE, No. 3602

STATE OF NEW JERSEY

221st LEGISLATURE

 

INTRODUCED SEPTEMBER 12, 2024

 

 

Sponsored by:

Senator  M. TERESA RUIZ

District 29 (Essex and Hudson)

Senator  ROBERT W. SINGER

District 30 (Monmouth and Ocean)

 

Co-Sponsored by:

Senators Cryan, Singleton and O'Scanlon

 

 

 

 

SYNOPSIS

     Makes supplemental appropriation of $20 million for provision of Summer Tuition Aid Grants in summer 2025; provides conditional authority for transfer of additional resources to Summer Tuition Aid Grants account. 

 

CURRENT VERSION OF TEXT

     As amended by the Senate on September 30, 2024.

  

A Supplement to the annual appropriations act for the fiscal year ending June 30, 2025, P.L.2024, c.22.

 

     Be It Enacted by the Senate and the General Assembly of the State of New Jersey:

 

     1.  In addition to the amounts appropriated under P.L.2024, c.22, the annual appropriations act for the fiscal year ending June 30, 2025, there is appropriated from the General Fund the following amount for the purpose specified:

 

74 DEPARTMENT OF STATE

30 Educational, Cultural, and Intellectual Development

36 Higher Educational Services

2405 Higher Education Student Assistance Authority

 

GRANTS-IN-AID

45-2405  Student Assistance Programs ............................ $20,000,000

                 Total Grants-in-Aid Appropriation,                                      

                   Higher Education Student Assistance Authority $20,000,000

Grants-in-Aid:

         45    Summer Tuition Aid Grants .............. ($20,000,000)

 

Notwithstanding the provisions of section 2 of P.L.2023, c.34 (C.18A:71B-20a) or of any other law, rule, or regulation to the contrary, the amount hereinabove appropriated for Summer Tuition Aid Grants shall be used to provide summer tuition aid grant awards to applicants eligible for summer tuition aid grants pursuant to subsection d. of N.J.S.18A:71B-20 at 75 percent of the maximum amounts for which the applicants qualify pursuant to the provisions of section 2 of P.L.2023, c.34 (C.18A:71B-20a).  ¹Summer tuition aid grants may be funded up to 100 percent of the maximum amounts for which the applicants qualify pursuant to the provisions of section 2 of P.L.2023, c.34 (C.18A:71B-20a), if the Executive Director of the Higher Education Student Assistance Authority projects, as of March 31, 2025, that there are sufficient funds available as surplus in the Tuition Aid Grants account to fund more than 75 percent of the maximum amounts for which the applicants qualify pursuant to the provisions of section 2 of P.L.2023, c.34 (C.18A:71B-20a).  This projection shall include any unexpended balances reappropriated to the Tuition Aid Grants account at the beginning of the fiscal year.  Based on the projection of available funds, the executive director shall determine the incremental amount necessary to fund summer tuition aid grant awards at a percentage, above 75 percent, of the maximum amounts for which the applicants qualify pursuant to the provisions of section 2 of P.L.2023, c.34 (C.18A:71B-20a), which percentage is to be determined by the executive director.  The incremental amount determined by the executive director shall be transferred from the Tuition Aid Grants account to the Summer Tuition Aid Grants account, subject to the approval of the Director of the Division of Budget and Accounting.¹

 

     2.  This act shall take effect immediately.