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Bill > S681
NJ S681
NJ S681Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
summary
Introduced
01/12/2016
01/12/2016
In Committee
01/12/2016
01/12/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 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 under State intervention, which has not had its governance component of school district effectiveness returned to local control, from leasing a building if the total lease cost would exceed the purchase price of the building. The bill aims to prevent such districts from entering into lease agreements that are more costly in the long run than outright purchasing the building.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Education Committee (on 01/12/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/S1000/681_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/S1000/681_I1.PDF |
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