Revises certain sections of law concerning financing mechanisms for school facilities projects of regular operating districts.

This bill revises financing rules for school facilities projects in New Jersey's non-SDA school districts (regular operating districts). It modifies two key provisions: for projects built via county improvement authorities, it removes requirements for nominal leases to districts and mandates lease payments to cover all debt service after state aid is applied; for bonds issued without voter approval, it ensures municipal payments (in lieu of taxes) cover only the debt portion not supported by state aid, while confirming such bonds remain eligible for state debt service aid. These changes provide more flexibility in financing while maintaining state aid's role in covering costs. The bill directly affects school districts and municipalities managing school facility funding.