2008 New Funding Legislation

On July 9, 2008 legislation was signed authorizing $3.9 billion in additional funding for the New Jersey Schools Development Authority (SDA).

The legislation allocates $2.9 billion for 31 special-needs districts, known as SDA Districts. The SDA manages and funds 100 percent of eligible project costs in the former Abbott districts.

The legislation also allocates $1 billion to leverage construction in New Jersey’s Regular Operating Districts (RODs) and includes $50 million for vocational schools. The SDA administers grants for RODs, which manage their own projects.

This section includes the legislation and a summary of the legislative provisions.

Key provisions of the July 9, 2008 legislation