Bill Text: NJ A179 | 2014-2015 | Regular Session | Introduced
Bill Title: Limits compensation provided to presidents of public institutions of higher education.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2014-01-16 - Introduced, Referred to Assembly Higher Education Committee [A179 Detail]
Download: New_Jersey-2014-A179-Introduced.html
STATE OF NEW JERSEY
216th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2014 SESSION
Sponsored by:
Assemblywoman AMY H. HANDLIN
District 13 (Monmouth)
Assemblywoman CAROLINE CASAGRANDE
District 11 (Monmouth)
SYNOPSIS
Limits compensation provided to presidents of public institutions of higher education.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act concerning compensation of presidents of public institutions of higher education and supplementing chapter 3B of Title 18A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any provision of law to the contrary, an employment contract between the governing body of a public institution of higher education and the president of the institution shall not include any payments, emoluments, or allowances in addition to the salary and benefits paid under the contract which have a combined value that exceeds 10% of the salary paid under the contract.
2. This act shall take effect immediately and shall be applicable to employment contracts entered into on or after the effective date of this act.
STATEMENT
This bill provides that an employment contract between the governing body of a public institution of higher education and the president of the institution cannot include any payments, emoluments, or allowances in addition to the salary and benefits paid under the contract which have a combined value that exceeds 10% of the salary paid under the contract.
