A3960 — 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.

A3960 — 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. · Informed CitizenryThis legislation affects local school boards across New Jersey regarding how they acquire and maintain their facilities. It establishes new rules for long-term real estate deals, specifically addre…Open in Informed Citizenry