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NJ S2947
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Raj Mukherji
Click for details
AI Summary
- Permits SDA (Schools Development Authority) districts to undertake and finance their own school facilities projects instead of requiring the development authority to handle construction and the financing authority to provide funding
- SDA districts that choose to undertake and finance their own school facilities projects become eligible to receive State debt service aid for eligible costs, with State support determined under the same provisions as non-SDA districts
- School facilities projects undertaken by SDA districts under this new option are exempt from requirements to conform to the model school design program developed by the development authority
- Applies to the 31 SDA districts in New Jersey that received education opportunity aid or preschool expansion aid in the 2007-2008 school year
- Amends and supplements P.L.2000, c.72, the Educational Facilities Construction and Financing Act, to add this alternative financing pathway for SDA districts
Legislative Description
Permits SDA districts to receive State debt service aid for eligible costs of certain school facilities projects.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
1/13/2026
Committee Referrals
Education1/13/2026
Full Bill Text
No bill text available