Bill
Bill > S3044
NJ S3044
NJ S3044Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 a school district that is currently under State intervention, meaning the State is overseeing its operations because it's not meeting effectiveness standards, from leasing a building if the total cost of the lease over its entire duration would be more expensive than buying the building outright. This restriction applies even if the State is acting on behalf of the district.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Education Committee (on 01/13/2026)
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/2026/S3044 |
| BillText | https://pub.njleg.gov/Bills/2026/S3500/3044_I1.HTM |
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