Authorizes extended terms for lease and purchase contracts for electric school buses; permits New Jersey School Boards Association to serve as government aggregator to obtain energy services for local units.*

This bill allows New Jersey school districts to enter into longer-term contracts for electric school buses, extending lease and purchase terms to match the service life of the vehicles (instead of the current 10-year limit for fossil fuel buses). It specifically authorizes the New Jersey School Boards Association to serve as a government aggregator to help school districts obtain electric school buses and related charging infrastructure through competitive contracting. The bill amends existing school contracting laws to explicitly include electric school buses in the list of specialized equipment where competitive contracting can be used instead of public bidding. This change aims to support school districts in transitioning to electric fleets by making it easier to secure long-term contracts for these vehicles and infrastructure.