New Jersey A 3523: Requires health insurance carriers to comply with certain network adequacy requirements.

Bill Text

A3523 1R 

[First Reprint]

ASSEMBLY, No. 3523 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

Sponsored by:

Assemblywoman LINDA S. CARTER

District 22 (Somerset and Union)

Assemblywoman� CARMEN THERESA MORALES

District 34 (Essex)

SYNOPSIS

���� Revises membership of New Jersey Educational Facilities 
Authority.

CURRENT VERSION OF TEXT 

���� As reported by the Assembly Higher Education 
Committee on March 9, 2026, with amendments.

�� 

An Act concerning membership of the New Jersey Educational 
Facilities Authority and amending N.J.S.18A:72A-4.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� N.J.S.18A:72A-4 is 
amended to read as follows:

���� 18A:72A-4.����������� (a) 
There is hereby established in but not of the Department of the Treasury a 
public body corporate and politic, with corporate succession to be known as the 
"New Jersey educational facilities authority."� Notwithstanding this 
allocation, the authority shall be independent of any supervision or control by 
the department or any officer thereof.� The authority shall constitute a 
political subdivision of the State established as an instrumentality exercising 
public and essential governmental functions, and the exercise by the authority 
of the powers conferred by this chapter shall be deemed and held to be an 
essential governmental function of the State.

���� (b)�� The authority shall 
consist of seven members, two of whom shall be the Secretary of Higher 
Education, ex officio, and the State Treasurer, ex officio, or when so 
designated by them, their deputies and 1[five] three1 
citizens of the State to be appointed by the Governor with the advice and 
consent of the Senate for terms of five years; provided that the terms of the 
members first appointed shall be arranged by the Governor so that one of such 
terms shall expire on April 30 in each successive year ensuing after such 
appointments.1The 
authority shall also consist of one citizen of the State to be appointed by the 
Governor upon the recommendation of the Speaker of the General Assembly for a 
term of five years and one citizen of the State to be appointed by the Governor 
upon the recommendation of the Senate President for a term of five years.1� 
Members shall hold office for the term of their appointments and shall continue 
to serve during the term of their successors unless and until [his] the 
successor shall have been appointed and qualified.� Any vacancy among the 
members appointed by the Governor shall be filled by appointment for the 
unexpired term only.� A member of the authority shall be eligible for reappointment.

���� (c)�� Any member of the 
authority appointed by the Governor may be removed from office by the Governor 
for cause after a public hearing.

���� (d)�� The members of the 
authority shall serve without compensation, but the authority may reimburse its 
members for necessary expenses incurred in the discharge of their duties.

���� (e)�� The authority, upon the 
first appointment of its members and thereafter on or after April 30 in each 
year, shall annually elect from among its members a chairman and a vice 
chairman who shall hold office until April 30 next ensuing and shall continue 
to serve during the terms of their respective successors unless and until their 
respective successors shall have been appointed and qualified.� The authority 
may also appoint, retain and employ, without regard to the provisions of Title 
11, Civil Service, of the Revised Statutes, such officers, agents, employees 
and experts as it may require, and it shall determine their qualifications, 
terms of office, duties, services and compensation.

���� (f)�� The powers of the 
authority shall be vested in the members thereof in office from time to time 
and a majority of the [total 
authorized] 
1[current] total 
authorized1 
membership of the authority1[, but not 
less than three members,]1 
shall constitute a quorum at any meeting thereof.� Action may be taken and 
motions and resolutions adopted by the authority at any meeting thereof by the 
affirmative vote of a majority of the members present, unless in any case the 
bylaws of the authority shall require a larger number.� No vacancy in the 
membership of the authority shall impair the right of a quorum to exercise all 
the rights and perform all the duties of the authority.

���� (g)�� Before the issuance of 
any bonds under the provisions of this chapter, the members and the officer of 
the authority charged with the handling of the authority's moneys shall be 
covered by a surety bond or bonds in a penal sum of not less than $25,000.00 per 
person conditioned upon the faithful performance of the duties of their 
respective offices, and executed by a surety company authorized to transact 
business in the State of New Jersey as surety.� Each such bond shall be 
submitted to the Attorney General for [his] approval and 
upon [his] approval 
shall be filed in