Bill
Bill > A3097
NJ A3097
NJ A3097Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.
summary
Introduced
02/08/2018
02/08/2018
In Committee
02/08/2018
02/08/2018
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, which has not had the governance component of school district effectiveness returned to local control, 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 ensure that these school districts do not enter into long-term lease agreements that are more expensive than purchasing the building outright.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Education Committee (on 02/08/2018)
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/A3500/3097_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A3500/3097_I1.PDF |
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