N.J. Stat. § 18A:24-20

Current through L. 2024, c. 87.

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 %.

N.J.S. § 18A:24-20

Amended by L.1968, c.163, s.2, eff. 7/16/1968; L.1968, c.295, s.9, eff. 9/9/1968.