Section 34:1B-21.38 - School facilities projects, charter school, renaissance school project, eligible borrower, subject to public bidding requirementsNotwithstanding the provisions of section 10 of P.L. 1995, c. 426 (C.18A:36A-10), section 7 of P.L. 2011, c. 176 (C.18A:36C-7), or any other law, rule, or regulation to the contrary:
a. a charter school, renaissance school project, or any other eligible borrower authorized to undertake a school facilities project pursuant to sections 30 through 34 of P.L. 2023, c. 311 (C.34:1B-21.37 through 34:1B-21.41) shall be subject to the public bidding requirements provided pursuant to the "Public School Contracts Law,"N.J.S. 18A:18A-1 et seq.;b. a charter school, renaissance school project, or any other eligible borrower may accept public funds in the form of a loan for a school facilities project pursuant to the provisions of sections 30 through 34 of P.L. 2023, c. 311 (C.34:1B-21.37 through 34:1B-21.41);c. a charter school board of trustees may incur debt for a period greater than 12 months provided that the debt incurred is used in connection with a school facilities project pursuant to the provisions of sections 30 through 34 of P.L. 2023, c. 311 (C.34:1B-21.37 through 34:1B-21.41); andd. a school facilities project funded by a loan pursuant to the provisions of sections 30 through 34 of P.L. 2023, c. 311 (C.34:1B-21.37 through 34:1B-21.41) shall adhere to all public school facilities regulations pertaining to the health and safety of pupils.e. Nothing in sections 30 through 34 of P.L. 2023, c. 311 (C.34:1B-21.37 through 34:1B-21.41) shall be construed to prohibit an eligible borrower who receives a loan pursuant to those provisions from simultaneously seeking or accepting private funding to support the undertaking of a school facilities project of a charter school or renaissance school project.Added by L. 2023, c. 311, s. 31, eff. 1/16/2024.