New Jersey Statutes
§ 18A:21-4 — Use of capital reserve accounts.
New Jersey § 18A:21-4
JurisdictionNew Jersey
Title 18AEDUCATION
This text of New Jersey § 18A:21-4 (Use of capital reserve accounts.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 18A:21-4 (2026).
Text
18A:21-4. A board of education may in any school year draw against its capital reserve account, up to the amount of the balance therein, to the extent that the withdrawal is anticipated as a revenue in the school budget for the then current school year or approved by the commissioner for good cause; provided, that no money drawn from the account may be used for current expenses of the general fund or debt service payments but shall be used exclusively for capital expenses of the general fund or capital projects fund when expressly authorized as part of a referendum, except as provided for in section 2 of P.L.2018, c.90 (C.18A:18A-60). L.1967, c.271; amended 1990, c.52, s.40; 1996, c.138, s.52; 2023, c.311, s.25.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
5
§ 18A:21-1
Capital projects; description§ 18A:21-2
Authorization; establishment of accounts§ 18A:21-4
Use of capital reserve accounts.§ 18A:21-5
Maintenance of capital reserve accountsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 18A:21-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/18A/18A%3A21-4.