Reduces the number of members needed for a quorum in the New Jersey Educational Facilities Authority.

This bill amends the New Jersey Educational Facilities Authority's quorum requirement, changing it from a majority of the total authorized membership to a majority of the current membership, with a minimum of three members. The authority, established within the Department of the Treasury, is independent and serves as a political subdivision of the state. Members, including the Secretary of Higher Education and the State Treasurer, are appointed by the Governor with Senate consent. The bill ensures that a vacancy does not hinder the authority's ability to function.

Reduces the number of members needed for a quorum in the New Jersey Educational Facilities Authority.

This bill amends the New Jersey Educational Facilities Authority's quorum requirement, changing it from a majority of the total authorized membership to a majority of the current membership, with a minimum of three members. The authority, established within the Department of the Treasury, is independent and serves as a political subdivision of the state. Members, including the Secretary of Higher Education and the State Treasurer, are appointed by the Governor with Senate consent. The bill ensures that a vacancy does not hinder the authority's ability to function.