New Jersey Administrative Code › Title 6A - EDUCATION › Chapter 25 - QUALIFIED ZONE ACADEMY BOND PROGRAM › Subchapter 1 - GENERAL PROVISIONS › Section 6A:25-1.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
(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-1
et 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. §
												54E
and 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:26-1.2
and 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. §
											54E
and 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.