This bill amends the quorum requirements for the New Jersey Educational Facilities Authority by changing the definition of a quorum from a majority of the total authorized membership to a majority of the current membership, with a minimum of three members required to constitute a quorum at any meeting. This change aims to streamline the decision-making process within the authority, making it easier to convene meetings and conduct business.

Additionally, the bill clarifies that members of the authority will continue to serve until their successors are appointed and qualified, ensuring continuity in governance. The bill is set to take effect immediately upon passage, reflecting the urgency of improving the operational efficiency of the authority.