6. In the event any institution shall expend such funds in violation of the provisions of this act or the rules or regulations of the treasurer, the treasurer may suspend further aid to such institutions and recover any such funds theretofore misspent.
N.J. Stat. Ann. § 18A:72B-20
Suspension and recovery of funds
Known as the Independent College and University Assistance Act
The act spans §§ 18A:72B-15 to 18A:72B-32 (18 sections).
L.1979,c.132,s.6; amended 1994,c.48,s.245.
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.