New Jersey Senate Bill 199: Requires Commissioner of Education and Local Finance Board approval for certain board of education leases exceeding 20 years; authorizes boards to enter into 20-year lease purchase agreements for improvements or additions to school buildings.

New Jersey · 2026-2027 Regular Session

What it does

Requires Commissioner of Education and Local Finance Board approval for certain board of education leases exceeding 20 years; authorizes boards to enter into 20-year lease purchase agreements for improvements or additions to school buildings.

Latest action

Introduced in the Senate, Referred to Senate Education Committee (2026-01-13)

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