Lowers threshold of achievable net present value savings needed in refinancing of school district debt.

Summary

The measure changes the state‑aid requirement so New Jersey school districts only need to refinance debt when a 2% net present value savings can be achieved, instead of the current 3% standard. It applies to any district that receives state aid and could make refinancing options more accessible. The change is intended to give districts greater flexibility in managing their debt costs.

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