16. The executive director or his designee may, within the limits of available funds and in accordance with eligibility criteria determined by the executive director or his designee, make payments in a reasonable amount, as determined by the executive director or his designee, to reimburse a program participant for all or part of any increased tax liability incurred by the participant, pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., which results from the redemption of eligible qualifying loan expenses under the program.
N.J. Stat. Ann. § 18A:71C-37.1
Reimbursement payments for tax liability of participant
Known as the Nursing Faculty Loan Redemption Program Act
The act spans §§ 18A:71C-1 to 18A:71C-95 (110 sections).
L.2009, c.145, s.16.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.