New Jersey Statutes
§ 18A:22-25 — Borrowing against appropriation on notes
New Jersey·Title 18A EDUCATION
The board of education may, after July 1 and before January 1, borrow a sum not exceeding one half of the amount appropriated for the current expenses of the schools and for the repair of schoolhouses under its control, and execute and deliver promissory notes therefor, and pay the amount so borrowed together with interest thereon, at a rate not exceeding 6% per annum. L.1967, c.271.
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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.