N.J. Admin. Code § 6A:25-1.2

Current through Register Vol. 56, No. 23, December 2, 2024
Section 6A:25-1.2 - Definitions
(a) The following words and terms shall have the following meanings when used in this chapter unless the context clearly indicates otherwise:

"Charter school" means a public school established in accordance with 18A:36A-1et seq.

"Charter school capital project" means a rehabilitation project for a charter school as described in 6A:25-4.2.

"Comprehensive education plan" means a plan established by the qualified zone academy, or the school district or charter school on behalf of the qualified zone academy, in conjunction with one or more private entities to provide education and training to enhance the academic curriculum, increase graduation and employment rates, and better prepare students for the rigors of college and the workforce.

"Department" means the New Jersey Department of Education.

"EFCFA" means the Educational Facilities Construction and Financing Act, P.L. 2000, c. 72 (18A:7G-1 et seq.).

"Issuer" means the entity fiscally responsible for the sale and repayment of principal on QZABs. Such an entity may include, but not be limited to, a school district, county, municipality, charter school, improvement authority, or the State.

"New Jersey Economic Development Authority" or "NJEDA" means the authority established pursuant to N.J.S.A. 43:1B-1 et seq.

"Private entity" means any person (as defined in section 7701(a) of the Internal Revenue Code) other than the United States, a State or local government, or any agency or instrumentality thereof, that enters into a collaboration with a school or school district for the purpose of establishing a qualified zone academy, and making a qualified contribution pursuant to 26 U.S.C. § 54Eand this chapter. A private entity may be an individual, a trust, a partnership, a non-profit organization, or for-profit corporation.

"Qualified zone academy" means a public school (or academic program within a public school) that meets the eligibility criteria of the QZAB Program.

"Qualified contribution" means contributions that are made by private entities, are of a type and quality acceptable to the qualified zone academy, and consist of technical assistance in developing curriculum or in training teachers, services of employees as volunteer mentors, internships, field trips, or other educational opportunities for students, or any other property or service specified by the qualified zone academy. Cash received from a private entity constitutes a qualified contribution if it is used to purchase a property or service described above.

"QZAB funding" means the financing of school facilities projects or charter school capital projects through QZABs issued pursuant to the QZAB Program.

"QZAB Program" means this State's implementation of the Federal qualified zone academy bond provisions of 26 U.S.C. § 54E, subject to Federal appropriation available therefor.

"Rehabilitation" means as defined in 26 U.S.C. § 47, which is broader than the meaning defined in 6A:26-1.2. The Federal meaning encompasses both the term as defined in N.J.A.C. 6A:26-1.2and additions to existing school facilities.

(b) Terms not defined in (a) above shall have the meanings defined for qualified zone academy bonds by 26 U.S.C. § 54Eand regulations thereunder (see 26 CFR 1.1397E-1) and the meanings defined for the State program of school construction under EFCFA and N.J.A.C. 6A:26, Educational Facilities.

N.J. Admin. Code § 6A:25-1.2

Adopted by 47 N.J.R. 715(a), effective 4/6/2015.