Bill
Bill > A494
NJ A494
NJ A494Requires explanatory statement on ballot question for school district capital projects to include certain information.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill requires that certain information be included in the explanatory statement of a ballot question for a school district capital project that will be funded by the issuance of bonds. Specifically, the bill requires the explanatory statement to include information regarding the total outstanding principal for any bonded indebtedness of the school district and the municipality in which the school district is located, an estimate of the increase in property taxes that would result on the average home if the capital project is approved, and, if applicable the square footage per student and cost per square foot of the proposed capital project.
AI Summary
This bill requires that certain information be included in the explanatory statement of a ballot question for a school district capital project that will be funded by the issuance of bonds. Specifically, the bill requires the explanatory statement to include information regarding the total outstanding principal for any bonded indebtedness of the school district and the municipality in which the school district is located, an estimate of the increase in property taxes that would result on the average home if the capital project is approved, and, if applicable, the square footage per student and cost per square foot of the proposed capital project.
Committee Categories
Education
Sponsors (3)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/14/2020)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A0500/494_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A0500/494_I1.PDF |
Loading...