New Jersey Statutes
§ 18A:22-20 — Capital projects; appropriations; how raised
New Jersey § 18A:22-20
JurisdictionNew Jersey
Title 18AEDUCATION
This text of New Jersey § 18A:22-20 (Capital projects; appropriations; how raised) 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:22-20 (2026).
Text
18A:22-20. The governing body of the municipality shall, subject to the limitations hereinafter contained, borrow the sum or sums determined pursuant to N.J.S.18A:22-19, and secure repayment thereof, with interest thereon, at a rate not to exceed 6% per annum, by the authorization and issuance of bonds in the corporate name of the municipality, in accordance with law. The governing body shall not be required to appropriate any amount which if added to the net school debt of the district at the date of the appropriation shall exceed 1 1/2 % of the average equalized valuations of taxable property as defined in section 18A:24-1, but may do so if it so determines by resolution. L.1967, c.271; amended 1993,c.83,s.7.
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Nearby Sections
15
§ 18A:22-10
Fixing date, etc. for public hearing.§ 18A:22-11. Notice of public hearing
§ 18A:22-11. Notice of public hearing§ 18A:22-12
Contents of notice.§ 18A:22-13
Public hearing; objections; heard, etc.§ 18A:22-15
Appropriations, how made§ 18A:22-16
Resumption of school year appropriations§ 18A:22-19
Determination of local share amount.§ 18A:22-2
Secretary§ 18A:22-20
Capital projects; appropriations; how raised§ 18A:22-23
Additional appropriations; raising.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 18A:22-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/18A/18A%3A22-20.