New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A1927

Introduced
1/9/24  
Refer
1/9/24  
Chaptered
1/9/24  

Caption

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

Impact

The bill represents a significant shift in how local school districts can manage funding for repair projects; they can issue bonds that exceed traditional debt limits if deemed necessary by the Commissioner of Education. This provision is crucial for districts located in disaster-prone areas where rapid recovery is essential. Furthermore, the bill outlines a process for districts under state intervention to handle bond issuance, highlighting its inclusive approach toward various district governance circumstances. By facilitating such actions without voter approval, the bill streamlines the funding process but raises questions about local governance and oversight.

Summary

Assembly Bill A1927 authorizes certain Type II school districts in New Jersey to issue bonds for financing costs related to repairs of school facilities damaged by natural disasters. Importantly, this can be done without needing approval from the voters in those districts. This legislative measure aims to provide a swift financial mechanism for school districts to address urgent repair needs caused by disasters, thus ensuring that educational services can continue without significant disruption. The focus is on maintaining a thorough and efficient educational system despite the challenges posed by such emergencies.

Contention

Despite its intent, A1927 has faced scrutiny regarding its implications for local control and fiscal responsibility. Critics might argue that circumventing voter approval for bond issuance could lead to fiscal decisions that may not align with community interests or long-term financial health. There are concerns about whether this may set a precedent for diminishing the role of local stakeholders in significant financial decisions affecting their schools. The bill also stipulates that approval is contingent on the deemed necessity for educational continuity, which some may interpret as subjective and potentially prone to misuse by ambitious district administrations.

Companion Bills

NJ S766

Same As Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ S1892

Carry Over Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ A4501

Carry Over Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

Previously Filed As

NJ S1892

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ A4501

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ S766

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ S895

Permits short-term tax exemption for certain improvements to dwellings damaged by natural disasters.

NJ S474

Permits short-term tax exemption for certain improvements to dwellings damaged by natural disasters.

NJ A2177

Permits short-term tax exemption for certain improvements to dwellings damaged by natural disasters.

NJ A787

Permits short-term tax exemption for certain improvements to dwellings damaged by natural disasters.

NJ SF2166

Natural gas utilities authorization to sell extraordinary event bonds under certain circumstances

NJ SF999

Natural gas utilities authorization to sell extraordinary event bonds under certain circumstances

NJ HF1226

Natural gas utilities authorized to sell extraordinary event bonds under certain circumstances, account established, and money appropriated.

Similar Bills

NJ S1892

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ A4501

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ S766

Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

NJ A5193

Permits high performing school districts to be monitored by DOE under New Jersey Quality Single Accountability Continuum (NJ QSAC) every seven years rather than every three years.

NJ A3261

Eliminates partial and full State intervention under New Jersey Quality Single Accountability Continuum.

NJ A3315

Eliminates partial and full State intervention under New Jersey Quality Single Accountability Continuum.

NJ A5579

Clarifies policy analysis and development under "Anti-Bullying Bill of Rights Act"; strengthens investigations; amends definition of harassment, intimidation, and bullying; and allows anti-bullying specialists to receive remuneration.

NJ A377

Clarifies policy analysis and development under "Anti-Bullying Bill of Rights Act"; strengthens investigations; amends definition of harassment, intimidation, and bullying; and allows anti-bullying specialists to receive remuneration.