New Jersey § 34:1b-7

§ 34:1b-7.

As used in this act: “Authority” means the New Jersey Economic Development Authority established by section

4 of P.L.1974, c. 80 ( C.34:1B-4 ); “ Commissioner ” means the Commissioner of the Department of Education; “Cost or costs” means the expenses incurred in connection with: the renovation, repair,

alteration, construction, or conversion of any school building or any other project

authorized under this 1993 amendatory and supplementary act; 1 the acquisition and development of any real or personal property for use in connection

with any project authorized under this 1993 amendatory and supplementary act, including

any rights or interests therein; the execution of any agreements and franchises deemed

by the authority to be necessary or useful and convenient in connection with any project

authorized under this 1993 amendatory and supplementary act; the procurement of engineering,

inspection, planning, legal, financial or other professional services, including the

services of a bond registrar or an authenticating agent; the cost of issuance of

bonds, including any interest or discount thereon; the administrative, organizational,

operating or other expenses incident to the financing, completion and placing into

service of projects authorized under this 1993 amendatory and supplementary act;

the establishment of a reserve fund or funds for working capital, operating, maintenance

or replacement expenses and for the payment or security of principal or interest on

bonds, as the authority may determine; and reimbursement to any fund of the State

of moneys which may have been transferred or advanced therefrom to any fund created

by this act, or of any moneys which may have been expended therefrom for or in connection

with any project authorized under this 1993 amendatory and supplementary act; “ Department ” means the Department of Education; “ Project ” means any work which is necessary for the construction, renovation, repair, alteration

or conversion of a public school building by the school district; “ Public school ” means a school, under collegiate grade, which is operated by a school district; “ School building ” means any structure, building, or facility used wholly or in part for academic purposes

by a school district; and “ School district ” means any local or regional school district established pursuant to chapter 8 or

chapter 13 of Title 18A of the New Jersey Statutes and any county special services

or county vocational school districts established pursuant to chapter 46 or chapter

54 of Title 18A of the New Jersey Statutes. 1

L.1993, c. 102; § 34:1B-7.20 et al.