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Bill > S3089
NJ S3089
NJ S3089Permits certain school districts to establish State military impact aid reserve account.
summary
Introduced
09/29/2022
09/29/2022
In Committee
03/16/2023
03/16/2023
Crossed Over
11/21/2022
11/21/2022
Passed
05/25/2023
05/25/2023
Dead
Signed/Enacted/Adopted
07/20/2023
07/20/2023
Introduced Session
2022-2023 Regular Session
Bill Summary
Permits certain school districts to establish State military impact aid reserve account.
AI Summary
This bill permits certain school districts that received unanticipated State military impact aid revenue in the 2021-2022 school year to establish a State military impact aid reserve account. The board of education or board of school estimate can appropriate this revenue to the reserve account in the district's annual budget or through a two-thirds vote between June 1 and June 30. The reserve account must be established and held in accordance with GAAP (Generally Accepted Accounting Principles) and is subject to annual audit. The board can use the funds in the reserve account for general fund expenses at its discretion.
Committee Categories
Education
Sponsors (5)
Last Action
Approved P.L.2023, c.112. (on 07/20/2023)
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/S3089 |
| BillText | https://pub.njleg.gov/Bills/2022/PL23/112_.HTM |
| BillText | https://pub.njleg.gov/Bills/2022/AL23/112_.HTM |
| Analysis - Statement AED 3/16/23 1R | https://pub.njleg.gov/Bills/2022/S3500/3089_S2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3500/3089_R1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3500/3089_R1.PDF |
| Analysis - Statement SED 10/27/22 | https://pub.njleg.gov/Bills/2022/S3500/3089_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3500/3089_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3500/3089_I1.PDF |
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