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New Jersey Statutes, Title: 18A, EDUCATION

    Chapter 22: Number of members; appointments; vacancies

      Section: 18A:22-8.2: Certain transfers not allowed

           3. No transfer may be made under this section from appropriations or surplus accounts for:

a. Interest and debt redemption charges;

b. Capital reserve account;

c. Items classified as general fund expenses except to other items so classified, or to the capital projects fund to supplement the proceeds from a bond authorization or lease purchase agreement upon application to and a formal finding by the commissioner that the transfer is in the best interests of both the students and taxpayers of the district after consideration of alternative corrective actions.

L.1979,c.294,s.3; amended 1990, c.52, s.44; 1991, c.62, s.22; 1993, c.83, s.5; 1996, c.138, s.54.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 18a:22-8.2 (if available):



Court decisions that cite this statute: CLICK HERE.