2015 New Jersey Revised Statutes
Title 18A - EDUCATION
Section 18A:24-59 - Disposition of funds for payment of principal and interest on obligations.
18A:24-59 Disposition of funds for payment of principal and interest on obligations.
18A:24-59. All moneys received for payment of principal and interest of obligations of a type II school district payable in any year shall be paid to the secretary or treasurer of school moneys of the district, as appropriate, who shall deposit them in such bank as shall be determined by resolution by the board, in order to provide for the payment thereof.
amended 1981, c.174, s.17; 2010, c.39, s.23.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
