N.J. Admin. Code § 6A:23A-8.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 6A:23A-8.4 - Capital outlay budget

(a) Pursuant to N.J.A.C. 6A:26-3.7 and 3.12, a district board of education shall obtain approval of the local funding for a non-referendum capital project (school facility project or other capital project) through one of the following methods:

1. Necessary line items in capital outlay in the budget certified for taxes;

2. Separate voter-approved question, board of school estimate approved resolution, or capital projects review board approved resolution of the expenditure of local support; or

3. Withdrawals from capital reserve in accordance with N.J.A.C. 6A:23A-14.1.

(b) A district board of education seeking approval of local funding for a non-referendum capital project through appropriations made to the necessary line items in the budget pursuant to (a)1 above shall provide the necessary detail in the appropriate supporting documentation to the budget submission, pursuant to N.J.S.A. 18A:22-8 and N.J.A.C. 6A:23A-8.1. For school districts that hold annual elections in November, approval of local funding for a non-referendum capital project shall be obtained through executive county superintendent approval of the base budget.

(c) A district board of education shall transfer the local share of school facilities projects budgeted in capital outlay to the capital projects fund, pursuant to N.J.A.C. 6A:26-3.8(a)3.

N.J. Admin. Code § 6A:23A-8.4

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