A 4828
Lowers threshold of achievable net present value savings needed in refinancing of school district debt.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes the rules for New Jersey school districts refinancing their debt. Currently, districts must refinance debt if they can achieve a three percent net present value savings. This bill lowers that threshold to two percent, making it easier for districts to refinance and potentially save money on their debt payments. The bill also outlines other requirements districts must meet to receive state aid, including examining insurance options and participating in cost-saving programs.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.