S 3382
Increases EDA bonding limit for State share of school facilities projects of SDA districts and school districts other than SDA districts, subject to voter approval.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill increases the amount of bonding that the Economic Development Authority (EDA) can provide for school facilities projects in New Jersey, specifically for SDA districts and other school districts. This increase is subject to voter approval. The bill also clarifies how state funds are allocated to these projects and establishes limits on the total amount of bonds that can be issued for these purposes, with separate limits for SDA districts and other districts. It also addresses the negotiability of bonds issued under this program.
Sponsors
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Primary sponsor
M. Ruiz
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