N.J. Admin. Code § 6A:26A-1.3

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

Section 6A:26A-1.3 - Allocation of Securing Our Children's Future Bond Act funds

(a) Proceeds of bonds issued pursuant to the Act shall be allocated as grants for the costs of projects as follows:

1. Three-hundred-and-fifty million dollars for county vocational school district career and technical education (CVSD CTE) grants and for school security project grants to school districts.

i. Two-hundred-and-seventy-five million dollars shall be allocated for CVSD CTE grants, which shall include an amount sufficient to address costs associated with the administration of the grants by the State agencies.

ii. Seventy-five million dollars shall be allocated for school security project grants to school districts, which shall include an amount sufficient to address costs associated with the administration of the grants by the State agencies; and

2. One hundred million dollars for school district water infrastructure improvement grants, which shall include an amount sufficient to address costs associated with the administration of the grants by the State agencies.

N.J. Admin. Code § 6A:26A-1.3

Adopted by 52 N.J.R. 694(a), effective 4/6/2020