New Jersey · 2026-2027 Regular Session · Bill

A 3960: 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.

In committee Last action January 13, 2026: Introduced, Referred to Assembly Education Committee

Plain-language summary

A 3960 is a bill introduced in the New Jersey House on January 13, 2026. According to its official title, it concerns: 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. Primary sponsor: Robert Karabinchak (Democratic), Rosy Bagolie (Democratic). Most recent recorded action (January 13, 2026): Introduced, Referred to Assembly Education Committee.

Sponsors

Primary sponsors: Robert Karabinchak (Democratic); Rosy Bagolie (Democratic).