S 3249
Authorizes establishment of charter school payment reserve account in school districts.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill allows New Jersey school districts to create a reserve account specifically for charter school payments. Currently, districts must budget an amount for charter school payments that may be less than the actual amount owed based on student enrollment. This bill would enable districts to use funds from this reserve account to cover any increase in payments due to charter schools, ensuring these schools receive the necessary funding. The reserve account can be funded through anticipated revenue or unexpended appropriations.
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