New Jersey Statutes Title 18A. Education 18A § 72A-12.6

a. There is created within the New Jersey educational facilities authority established pursuant to N.J.S.18A:72A-4, the “Dormitory Safety Trust Fund,” hereinafter referred to as the “trust fund.” The trust fund shall be maintained as a separate account and administered by the authority to carry out the provisions of P.L.2000, c. 56 (C.52:27D-198.7 et al.). There shall be paid into this fund:

b. The trust fund shall be used to provide loans to the schools and institutions of higher education which are required pursuant to P.L.2000, c. 56 (C.52:27D-198.7 et al.) to install automatic fire suppression systems, for the cost, or a portion of the cost, of the construction, reconstruction, development, extension or improvement of dormitory safety facilities, including fire prevention and sprinkler systems.