7. All funds received by the Foundation for Technology Advancement, other than those necessary to pay the expenses of the foundation, shall be used exclusively for the establishment, support and promotion of the foundation. The foundation is authorized to receive and administer gifts, contributions, and funds from public and private sources to be expended solely for the purposes provided in section 1 of this act.
N.J. Stat. Ann. § 52:27C-102
Use of funds by foundation; receipt of gifts
Known as the New Jersey Commerce Commission Act
The act spans §§ 52:27C-1 to 52:27C-99 (96 sections).
L.2005,c.373,s.7.
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.