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NJ S4183
Bill
Status
3/3/2025
Primary Sponsor
Benjie Wimberly
Click for details
AI Summary
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School districts under State intervention that have not successfully met the governance component of school district effectiveness are prohibited from entering building leases as a lessee
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The prohibition applies when the total lease cost over the term of the lease would exceed the purchase price of the building
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The restriction also applies to the State when it acts on behalf of such school districts in leasing arrangements
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The bill takes effect immediately upon enactment
Legislative Description
Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
3/3/2025