Bill Text: NJ A1894 | 2020-2021 | Regular Session | Introduced


Bill Title: Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-14 - Introduced, Referred to Assembly Education Committee [A1894 Detail]

Download: New_Jersey-2020-A1894-Introduced.html

ASSEMBLY, No. 1894

STATE OF NEW JERSEY

219th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2020 SESSION

 


 

Sponsored by:

Assemblyman  BENJIE E. WIMBERLY

District 35 (Bergen and Passaic)

 

 

 

 

SYNOPSIS

     Prohibits certain school districts under State intervention from leasing building if purchase price would be less than total costs of lease.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  


An Act concerning school districts under State intervention and supplementing chapter 7A of Title 18A of the New Jersey Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    A school district under State intervention which has not successfully met the governance component of school district effectiveness, or the State on behalf of the district, shall not enter into a lease for a building as a lessee, if the total lease cost over the term of the lease would exceed the purchase price of the building.

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

     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.

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