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 for meetings to proceed even if some members are absent.

Additionally, the bill includes a provision that clarifies that no vacancy in the membership will impair the right of a quorum to exercise the authority's rights and perform its duties. This ensures that the authority can continue to function effectively despite any changes in its membership. The bill is set to take effect immediately upon enactment.