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 facilitate decision-making and ensure that the authority can operate effectively even if some members are absent.

The bill also includes provisions regarding the appointment and terms of authority members, stating that any vacancies among the members appointed by the Governor will be filled for the unexpired term only. Additionally, it clarifies that members will continue to serve until their successors are appointed and qualified, and it allows for the reimbursement of members for necessary expenses incurred in the discharge of their duties. The act is set to take effect immediately upon passage.