Reduces number of members of New Jersey Educational Facilities Authority required for quorum.

This bill reduces the number of members required to form a quorum at meetings of the New Jersey Educational Facilities Authority, which is the state agency responsible for funding and managing educational facilities. The change amends the governing statute to specify that a quorum consists of a majority of the current membership but no fewer than three members, rather than the previous requirement of a majority of the total authorized membership. This adjustment affects the authority's seven-member board, which includes two ex officio members and five citizen appointees, allowing the agency to conduct business with fewer attendees present. The bill does not alter the total number of board members or their appointment process, but it lowers the threshold needed to make decisions at meetings.