18A:72A-34 - Authority;  construction, operation and management

18A:72A-34.  Authority;  construction, operation and management
    (a) Whenever the authority under section 18A:72A-30 undertakes to construct,  acquire or otherwise provide and operate and manage a project, the authority  shall be responsible for the direct operation and maintenance costs of such  project, but each private college in connection with which such a project is  provided and operated and managed shall be responsible at its own expense for  the overall supervision of each project, for the overhead and general  administrative costs of the private college which are incurred because of such  project and for the integration of each project operation into the  institution's educational program.

    (b) Whenever the authority under section 18A:72A-30 undertakes to construct,  acquire or otherwise provide a project and to lease the same to a private  college, the lessee shall be responsible for the direct operation and maintenance costs of such project and, in addition, shall be responsible for the overall supervision of each project, for the overhead and general administrative costs of the lessee which are incurred because of such project and for the integration of each project operation into the lessee's educational  program.

    (c) Whenever the authority under section 18A:72A-31 makes loans for the construction of a project, the private college at which such project is located  shall be responsible for the direct operation and maintenance costs of such  project and, in addition, shall be responsible for the overall supervision of  each project, for the overhead and general administrative costs of the private  college which are incurred because of such project and for the integration of  each project operation into the institution's educational program.
 
L.1967, c.271.