Revises various provisions of law governing construction of school facilities projects and operations of New Jersey Schools Development Authority; establishes "Charter School and Renaissance School Project Facilities Loan Program" in EDA.
Revises various provisions of law governing construction of school facilities projects and operations of New Jersey Schools Development Authority; establishes "Charter School and Renaissance School Project Facilities Loan Program" in EDA.
Revises certain sections of law concerning financing mechanisms for school facilities projects of regular operating districts.
Eliminates NJ Schools Development Authority and transfers its school construction responsibilities to EDA.
Revises certain sections of law concerning financing mechanisms for school facilities projects of regular operating districts.
Requires $1 million annual appropriation to certain educational services commissions for school facilities projects and school security improvements.
Permits SDA districts to receive State debt service aid for eligible costs of certain school facilities projects.
Establishes Stabilized School Budget Aid Grant Program to restore certain portions of State school aid reductions; permits certain school districts to exceed tax levy growth limitation in 2024-2025 school year; appropriates $44.7 million.
Authorizes educational services commissions to apply for grant for State share of school facilities projects.
Revises various provisions of the New Jersey Aspire Program.