2013 New Jersey Revised Statutes
Title 18A - EDUCATION
Section 18A:24-4 - Payment of principal of temporary bonds from proceeds of permanent bonds
18A:24-4. Payment of principal of temporary bonds from proceeds of permanent bonds
The principal of any temporary notes or loan bonds shall be paid from the proceeds of the permanent bonds, in anticipation of the issuance of which they were issued, or from funds from time to time appropriated for such payments, and the interest upon such temporary notes or loan bonds shall be paid in the same manner as interest is paid upon permanent bonds.
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