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NJ A4496

NJ A4496
Revises various provisions of law governing construction of school facilities projects and operations of New Jersey Schools Development Authority; establishes "Charter School and Renaissance School Project Facilities Loan Program" in EDA.

summary

Introduced
06/29/2022
In Committee
01/04/2024
Crossed Over
01/08/2024
Passed
01/08/2024
Dead
Signed/Enacted/Adopted
01/16/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Revises various provisions of law governing construction of school facilities projects and operations of New Jersey Schools Development Authority; establishes "Charter School and Renaissance School Project Facilities Loan Program" in EDA.

AI Summary

This bill: Revises various provisions of law governing the construction of school facilities projects and operations of the New Jersey Schools Development Authority (NJSDA). It establishes the "Charter School and Renaissance School Project Facilities Loan Program" within the New Jersey Economic Development Authority (EDA) to provide loans to eligible borrowers, including non-profit charter schools and renaissance school projects located in State-operated school districts (SDA districts), to undertake or facilitate school facilities projects. The bill sets forth the criteria and process for review and approval of loan applications, requires public bidding for school facilities projects funded through the loan program, and establishes provisions for the reversion of school facilities to the State or local school districts upon closure or termination of a charter school or renaissance school project.

Committee Categories

Budget and Finance, Education

Sponsors (10)

Last Action

Approved P.L.2023, c.311. (on 01/16/2024)
(1 Companion Bills)

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2022/A4496
Fiscal Note - Fiscal Estimate 1/12/24; 4R ACS https://pub.njleg.gov/Bills/2022/A4500/4496_E3.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_R4.HTM
Analysis - Statement SBA 1/4/24 3R ACS https://pub.njleg.gov/Bills/2022/A4500/4496_S7.PDF
Fiscal Note - Fiscal Estimate 12/27/23; 3R ACS https://pub.njleg.gov/Bills/2022/A4500/4496_E2.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_R3.HTM
Analysis - Statement AAP 12/18/23 2R ACS https://pub.njleg.gov/Bills/2022/A4500/4496_S6.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_R2.HTM
Analysis - Statement Assembly 12/7/23 1R ACS https://pub.njleg.gov/Bills/2022/A4500/4496_S5.PDF
Analysis - Statement AAP 12/4/23 ACS https://pub.njleg.gov/Bills/2022/A4500/4496_S4.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_R1a.HTM
Fiscal Note - Fiscal Estimate 3/2/23; ACS https://pub.njleg.gov/Bills/2022/A4500/4496_E1.PDF
Analysis - Statement AAP 2/23/23 ACS https://pub.njleg.gov/Bills/2022/A4500/4496_S3.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_U1.HTM
Analysis - Statement AED 2/9/23 ACS https://pub.njleg.gov/Bills/2022/A4500/4496_S2.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_R1.HTM
Bill https://pub.njleg.gov/Bills/2022/A4500/4496_R1.PDF
Analysis - Statement AED 12/8/22 https://pub.njleg.gov/Bills/2022/A4500/4496_S1.PDF
BillText https://pub.njleg.gov/Bills/2022/A4500/4496_I1.HTM
Bill https://pub.njleg.gov/Bills/2022/A4500/4496_I1.PDF
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