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 bill amends New Jersey law regarding school district leases and lease-purchase agreements. It increases the threshold for required state approval of school building leases from five years to 2…Open in Informed Citizenry