The SCC was created on July 18, 2000 when the New Jersey Educational Facilities Construction and Financing Act was signed into law. The law created a program for financing, design, renovation, repair and new construction of primary and secondary schools in New Jersey. The law significantly changed the level of State aid for public school construction. Previously, school districts received State aid for construction debt at the same percentage as their State aid for operating costs, making almost half of the State's school districts ineligible for any construction aid. The new law guaranteed construction aid for every school district in New Jersey. The minimum level of aid was 40%, and
Abbott Districts received 100% of eligible costs. == References ==