TRENTON – Legislation sponsored by Senate President Steve Sweeney that could allow New Jersey’s institutions of higher learning to invest nearly $1.3 billion in long range planning and capital improvements has been signed into law.
The first bill, the “Building Our Future Bond Act,” (S2500) will ask voters this November to approve an investment totaling at least $750 million for capital improvement project grants to New Jersey’s public and private institutions of higher education.
TRENTON – Legislation sponsored by Senate President Steve Sweeney that would allow New Jersey’s institutions of higher learning to invest in long range planning and capital improvements and help establish public-private partnerships has cleared the full Senate.
The first bill, S2500, would establish a “Building Our Future Bond Act,” and authorize, pursuant to voter approval, the issuance of state bonds totaling at least $750 million. The bonds would provide grants to New Jersey’s public and private institutions of higher education for capital improvement projects.
“Our colleges and universities have been looking to make major infrastructure improvements for some time, but have been held back due to a lack of funding from the state,” said Sweeney (D – Gloucester, Salem, Cumberland). “That has to change. Our state’s ability to compete in the job market and prosper in the national and global economy is linked to the quality of our colleges and universities.”
TRENTON – Legislation sponsored by Senate President Steve Sweeney that would allow New Jersey’s institutions of higher learning to invest in long range planning and capital improvements and help establish public-private partnerships has cleared the Senate Budget and Appropriations Committee.
The first bill, S2500, would establish a “Building Our Future Bond Act,” and authorize the issuance of state bonds totaling at least $750 million. The bonds would provide grants to New Jersey’s public and private institutions of higher education for capital improvement projects.