34:1B-21.38 School facilities projects, charter school, renaissance school project, eligible borrower, subject to public bidding requirements.
262 words·~1 min read·
/nj/title-34/chapter-1b/34-1b-21-38·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31. Notwithstanding the provisions of section 10 of P.L.1995, c.426 (C.18A:36A-10), section 7 of P.L.2011, c.176 (C.18A:36C-7), or any other law, rule, or regulation to the contrary:
a. a charter school, renaissance school project, or any other eligible borrower authorized to undertake a school facilities project pursuant to sections 30 through 34 of P.L.2023, c.311 (C.34:1B-21.37 through 34:1B-21.41) shall be subject to the public bidding requirements provided pursuant to the "Public School Contracts Law," N.J.S.18A:18A-1 et seq.;
b. a charter school, renaissance school project, or any other eligible borrower may accept public funds in the form of a loan for a school facilities project pursuant to the provisions of sections 30 through 34 of P.L.2023, c.311 (C.34:1B-21.37 through 34:1B-21.41);
c. a charter school board of trustees may incur debt for a period greater than 12 months provided that the debt incurred is used in connection with a school facilities project pursuant to the provisions of sections 30 through 34 of P.L.2023, c.311 (C.34:1B-21.37 through 34:1B-21.41); and
d. a school facilities project funded by a loan pursuant to the provisions of sections 30 through 34 of P.L.2023, c.311 (C.34:1B-21.37 through 34:1B-21.41) shall adhere to all public school facilities regulations pertaining to the health and safety of pupils.
e. Nothing in sections 30 through 34 of P.L.2023, c.311 (C.34:1B-21.37 through 34:1B-21.41) shall be construed to prohibit an eligible borrower who receives a loan pursuant to those provisions from simultaneously seeking or accepting private funding to support the undertaking of a school facilities project of a charter school or renaissance school project.
L.2023, c.311, s.31.