STATEMENT TO

 

ASSEMBLY COMMITTEE SUBSTITUTE FOR

ASSEMBLY, Nos. 326 and 1475

 

with †Assembly Floor Amendments

(Proposed by Assemblyman SINGLETON)

 

ADOPTED: MAY 26, 2016


 

††††† These Assembly amendments would:

         require an urban renewal entity to certify, in its annual audit to the mayor and the governing body of the municipality, the number of school-age children attending public school who are residing in the approved project; and

         require that the amount of the annual service charge to be remitted to a school district or districts, including regional school districts, under the bill shall be calculated by multiplying the number of school-age children who are attending public school in the municipality or at a school in a regional school district serving the municipality and who are residing in the approved project as certified by the urban renewal entity in the annual auditorís report to the mayor and governing body of the municipality, by the school districtís budgetary cost per pupil.