Impact aid program, title VII, section 7002

The Department of Education Office of Elementary and Secondary Education awarded Colts Neck Township Board of Education (doing business as Colts Neck Township School District) $729,764 under Impact Aid Program, Title VII, Section 7002, effective October 1, 2025, with performance through September 30, 2031.

The award supports K-12 educational services in Colts Neck, New Jersey, including general instruction, special education, English language learning, school nutrition, career and technical education, teacher training, and technology integration. Impact Aid provides financial assistance to local educational agencies where the federal acquisition of real property reduces the district's tax base and limits access to local property tax revenue that typically funds education. Section 7002 assistance applies to districts where federal acquisition of assessed property valuation reaches 10 percent or more since 1938 and the district is not substantially compensated by revenue from activities on eligible federal property.

Colts Neck Township School District is a local government entity providing comprehensive K-12 educational services to township residents. The district has maintained continuous federal SAM.gov registration since August 2009 and has received multiple Impact Aid Project Grants since February 2022. The obligated amount is $729,764, with place of performance in Colts Neck, New Jersey.