This bill amends existing legislation to enhance the financial support available to School Development Authority (SDA) districts for school facilities projects. It allows SDA districts to receive State debt service aid for eligible costs associated with these projects, provided they are approved by the Commissioner of Education. The bill introduces new provisions that define eligibility criteria for SDA districts, clarifying that final eligible costs will be determined in consultation with the development authority and will include costs related to community design features that meet efficiency standards. Additionally, it updates definitions related to school facilities projects and removes outdated references to previous legislation, ensuring that current law reflects the latest requirements for funding.

Furthermore, the bill enables SDA districts to undertake and finance their own school facilities projects independently, while still being eligible for State debt service aid. It establishes that projects must align with the district's long-range facilities plan and outlines the application process for project approval and funding. The bill emphasizes energy efficiency in project design, allowing for potential increases in aid for projects that incorporate such features. By streamlining the process for school facilities projects and ensuring compliance with educational standards, the legislation aims to address the urgent facilities needs of SDA districts more effectively.

Statutes affected:
Introduced: 18A:7G-3, 18A:7G-5, 18A:7G-9