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Bill > A1882
NJ A1882
NJ A1882Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
summary
Introduced
01/27/2016
01/27/2016
In Committee
06/30/2016
06/30/2016
Crossed Over
06/27/2016
06/27/2016
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 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 costs would exceed the purchase price of the building. The purpose of this legislation is to prevent these state-intervened school districts from entering into unfavorable lease agreements that would be more costly than outright purchasing the building.
Committee Categories
Education
Sponsors (6)
L. Grace Spencer (D)*,
Shavonda Sumter (D)*,
Benjie Wimberly (D)*,
Craig Coughlin (D),
Thomas Giblin (D),
Mila Jasey (D),
Last Action
Received in the Senate, Referred to Senate Education Committee (on 06/30/2016)
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/A2000/1882_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A2000/1882_I1.PDF |
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