New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 1B-21.38

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); and

d. 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.