N.J. Admin. Code § 6A:25-4.3

Current through Register Vol. 56, No. 23, December 2, 2024

Section 6A:25-4.3 - Private collaboration requirement

(a) The charter school shall establish, via written commitment, a collaboration between the charter school and one or more private entities under which the private entity evidences in writing that it will make a contribution having a present value (as of the date of issuance of the issue) of not less than 10 percent of the bond issue's proceeds.

(b) Contributions by the private entity shall be described in the written commitment and may include items referenced in 6A:25-2.3(b)1.

Adopted by 47 N.J.R. 715(a), effective 4/6/2015.