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Bill > S357
NJ S357
NJ S357Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
summary
Introduced
01/09/2018
01/09/2018
In Committee
01/09/2018
01/09/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 that 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. The bill aims to prevent such school districts from entering into lease agreements that would be more costly than simply purchasing the building outright.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Education Committee (on 01/09/2018)
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/2018/Bills/S0500/357_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S0500/357_I1.PDF |
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