N.J. Admin. Code § 6A:23A-6.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 6A:23A-6.1 - Conditions precedent to disbursement of State aid

(a) The Commissioner shall not disburse any State aid to a school district or CVSD that fails to comply with the standards set forth at N.J.S.A. 18A:55-3 and the requirements concerning nepotism, contributions to district board of education members and contract awards, and internal controls set forth in this subchapter.

(b) Pursuant to N.J.S.A. 18A:55-3, as a condition of State aid, a school district shall:

1. Examine, no less than once every three years, all available group options for every insurance policy held by the school district, including self-insurance plan administered by the New Jersey School Boards Association (NJSBA) Insurance Group on behalf of school districts, and shall participate in the most cost effective plan. This shall include review of annual claims data and other experience rating information, as applicable;

2. Take steps to maximize the school district's participation in the Federal Universal Service Program (E-rate) and the ACT telecommunications program offered through the New Jersey Association of School Business Officials;

3. Participate in the Alliance for Competitive Energy Services (ACES) Program offered through the NJSBA, unless the school district is able to demonstrate to the Commissioner that it receives goods or services at a cost less than or equal to the cost achieved by participants of the program based on an analysis of the prior two years;

4. Take appropriate steps to maximize the school district's participation in the SEMI program, pursuant to N.J.A.C. 6A:23A-5.3; and

5. Refinance all outstanding debt in accordance with N.J.S.A. 18A:24-61.1 et seq. for which a three percent net present value savings threshold is achievable. This provision shall also be monitored by the executive county superintendent or State monitor, if applicable, pursuant to N.J.A.C. 6A:23A-9.11.

N.J. Admin. Code § 6A:23A-6.1

Amended by 49 N.J.R. 1038(a), effective 5/1/2017

Amended by 56 N.J.R. 2141(a), effective 11/4/2024