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NJ A4811
Bill
Status
10/22/2024
Primary Sponsor
Linda Carter
Click for details
AI Summary
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Appropriates $20 million from the General Fund to the Higher Education Student Assistance Authority for Summer Tuition Aid Grants for fiscal year ending June 30, 2025
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Summer tuition aid grant awards will be provided at 75% of the maximum amounts for which eligible applicants qualify
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Grants may be increased up to 100% of maximum amounts if the Executive Director of HESAA projects sufficient surplus funds are available in the Tuition Aid Grants account as of March 31, 2025
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The Executive Director determines any incremental funding amount above 75%, which would be transferred from the Tuition Aid Grants account to the Summer Tuition Aid Grants account, subject to Division of Budget and Accounting approval
Legislative Description
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.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2024, c.84.
10/22/2024