N.J. Admin. Code § 9A:1-2.14

Current through Register Vol. 56, No. 11, June 3, 2024

Section 9A:1-2.14 - Additional State resources

(a) The Presidents' Council shall evaluate proposals for new academic degree programs for whether significant additional State resources are required based on the following information:

1. The total of the projected budget for the proposed academic program that would be supported by either direct State support and/or indirect State support, including, but not limited to, State student assistance grant and scholarship programs;

2. The projected increase in direct State support to the institution due to the proposed academic program;

3. The projected increase in indirect State support to the institution due to the proposed academic program;

4. Any concurrent changes to the budget of the institution that may represent a projected reduction in State support to the institution; and

5. The anticipated length of time that any projected increases in State support would be required for the program.

(b) When the Presidents' Council has determined that a new academic program does require significant additional State resources, the Presidents' Council shall evaluate the proposal to determine whether the significant additional State resources would be unduly expensive to the State, based on the following information:

1. Evidence that the proposed academic program will:

i. Offset continued State support for the program through sustained increases to State revenue and any additional economic impact to the State generated by the program; and/or

ii. Become sustainable within five years in the absence of the significant additional State resources that were used to establish the program; and

2. The institutional plan for integrity and compliance monitoring, as well as internal fiscal controls, to prevent misuse of State funding and government resources.

N.J. Admin. Code § 9A:1-2.14

Adopted by 54 N.J.R. 433(a), effective 3/7/2022