The New Jersey Schools Development Authority (NJSDA or SDA) is a public agency in the U.S. state of New Jersey that is responsible for implementing an overhaul of the educational infrastructure of hundreds of schools in districts throughout all 21 counties of the State of New Jersey. It is an independent authority in but not of the Department of the Treasury.
The legislation allocated $2.9 billion for 31 special-needs districts, known as SDA Districts. The Authority fully funds and manages new construction and modernization of school facilities projects in SDA Districts. Other SDA projects for which the Authority is responsible are renovations and repairs deemed emergent by the New Jersey Department of Education due to potential health and safety reason.
The legislation also allocated $1 billion to leverage construction in New Jersey's Regular Operating Districts (RODS) and includes $50 million for vocational schools. The SDA administers grants, with a minimum state share of 40 percent of eligible project costs to RODs, which manage their own projects.
The SDA is governed by an 11 member Board of Directors who are nominated by the Governor and confirmed by the Senate.
Marc Larkins serves as head of the Schools Development Authority, having assumed the position as of February 26, 2010, when he succeeded Kris Kolluri.
Read more about New Jersey Schools Development Authority: Schools Construction Corporation
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