New Jersey legislation · 2026-2027 Regular Session
New Jersey A5205: Accumulated unused leave, cert-estab cert valuation & reporting mechanisms
Status: Passed one chamber, October 29, 2026
Concerns school district finances regarding unanticipated cost increases and unused leave liabilities.*
What the bill says
An Act concerning the fiscal condition of school districts, amending P.L.2007, c.62, and supplementing chapters 221[,] [ADDED: and] 1 231[, and 30]1 of Title 18A of the New Jersey Statutes. 1. Section 6 of P.L.2007, c.62 (C.18A:7F-41) is amended to read as follows: 6. Notwithstanding the provisions of any law or regulation to the contrary: a. A board of education or board of school estimate, as appropriate, may supplement a capital reserve account through a transfer by board resolution at year end of any unanticipated revenue or unexpended line-item appropriation amounts, or both, for withdraw.
From the amended text, October 22, 2026:
An Act concerning the fiscal condition of school districts, amending P.L.2007, c.62, and supplementing chapters 221[,] [ADDED: and] 1 231[, and 30]1 of Title 18A of the New Jersey Statutes. 1. Section 6 of P.L.2007, c.62 (C.18A:7F-41) is amended to read as follows: 6. Notwithstanding the provisions of any law or regulation to the contrary: a. A board of education or board of school estimate, as appropriate, may supplement a capital reserve account through a transfer by board resolution at year end of any unanticipated revenue or unexpended line-item appropriation amounts, or both, for withdrawal in subsequent school years. b. A board of education or board of school estimate, as appropriate, may supplement a maintenance reserve account through a transfer by board resolution at year end of any unanticipated revenue or unexpended line-item appropriation amounts, or both, for withdrawal in subsequent school years. c. A board of education or a board of school estimate, as appropriate, may through the adoption of a board resolution establish the following reserve accounts: (1) Current expense emergency reserve account. The funds in the reserve shall be used to finance unanticipated general fund current expense costs required for a thorough and efficient education, or to finance school security improvements, including improvements to school facilities. The account shall not exceed $250,000 or one percent of the …