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County official outlines school-borrowing guarantee for Little Falls; board moves ordinance forward, final vote not recorded in transcript
Summary
Officials explained a new state law allowing school districts to borrow through county improvement authorities and the board moved to consider a guarantee ordinance for Little Falls to finance school improvements; motion was moved and seconded but the transcript does not record a final roll‑call vote.
A county official told commissioners that a change in state law now allows boards of education to borrow directly through county improvement authorities, and the board moved forward on a guarantee ordinance to allow the Passaic County Improvement Authority to back borrowing by the Little Falls Board of Education.
The speaker said the guarantee ordinance would support an application from the Little Falls…
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