Bill
Bill > A3263
NJ A3263
NJ A3263Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
summary
Introduced
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill prohibits a school district under State intervention which has not had the governance component of school district effectiveness returned to local control, or the State acting on its behalf, from leasing a building as a lessee, if the total costs of the lease exceed the purchase price of the building.
AI Summary
This bill prohibits school districts under state intervention, which have not had the governance component of school district effectiveness returned to local control, from leasing a building as a lessee if the total lease cost exceeds the purchase price of the building. The bill aims to ensure that these districts make financially responsible decisions regarding their facilities.
Committee Categories
Education
Sponsors (2)
Last Action
Introduced, Referred to Assembly Education Committee (on 03/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A3263 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3500/3263_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3500/3263_I1.PDF |
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