The Department of Education today announced final approval of a project to replace to gas hot water heaters at the MacFarland Junior School in the Bordentown Regional School District, Burlington County.
The school district is planning to replace two existing boilers at the school. The project carries a total estimated cost of $17,200.
In order to receive final approval, the school district had to agree to construct the project as described in its application, to accept the states determination of the preliminary eligible project costs, and decide on whether to be reimbursed for some of the project cost through a grant or in the form of state aid (debt service aid). Since Bordentown has decided to seek state support for this project through a grant, the project plans have been sent to the state Economic Development Authority for processing.
The Department of Education has determined the final eligible cost for funding of the MacFarland School project to be $17,200. The states share of the project will equal $6,880, or 40 percent, of this amount.
State regulations require that before construction can begin, all school facilities projects have local support. For most districts, such support comes from an approved voter referendum.
State funding of this project comes from $8.6 billion appropriated under the landmark Educational Facilities Construction and Financing Act. The law was enacted to make unprecedented amounts of state funds available to help meet a critical need for new, safe and updated schools throughout New Jersey.