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New Jersey Statutes, Title: 18A, EDUCATION

    Chapter 24:

      Section: 18A:24-20: Authorization of bonds in excess of limits prescribed in section 18A:24-19; exception of type I districts

           School bonds may be authorized and issued in the manner prescribed in section 18A:24-21, notwithstanding the provisions of section 18A:24-19, by, or for the purposes of, any district other than a regional district, within the limitations and upon compliance with the provisions of this article to the extent that the percentage of net debt as stated in a supplemental debt statement required to be filed as to such authorization, and prior thereto, shall not exceed 3 1/2 \%.

L.1967, c.271; amended by L.1968, c. 163, s. 2, eff. July 16, 1968; L.1968, c. 295, s. 9, eff. Sept. 9, 1968.



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






Older versions of 18a:24-20 (if available):



Court decisions that cite this statute: CLICK HERE.