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NJ S3263
Bill
Status
5/16/2024
Primary Sponsor
Patrick Diegnan
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AI Summary
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Extends the allowable lease term for electric school buses and related charging equipment from the current 10-year limit for fossil fuel buses to the full service life of the electric vehicles
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Authorizes lease purchase agreements for electric school buses and related charging equipment and services for terms up to the service life of the buses, compared to the 10-year limit for fossil fuel buses
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Permits the New Jersey School Boards Association to serve as a government aggregator to obtain electric generation service, gas supply service, and related energy services for member school districts
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Expands the School Boards Association's aggregation authority to include counties, municipalities, and other local contracting units that voluntarily participate
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Defines "electric related service" for school boards to include electric school buses and related goods and services for aggregation purposes
Legislative Description
Authorizes extended terms for lease and purchase contracts for electric school buses; permits New Jersey School Boards Association to serve as government aggregator to obtain energy services for local units.
Substituted by another Bill
Last Action
Substituted by A1677 (2R)
6/28/2024