New Jersey § 18A:22-44.1 Borrowing by Type II district for current expenses and repairs;  payment

New Jersey Statutes

§ 18A:22-44.1 — Borrowing by Type II district for current expenses and repairs; payment

New Jersey § 18A:22-44.1

Title 18AEDUCATION

This text of New Jersey § 18A:22-44.1 (Borrowing by Type II district for current expenses and repairs; payment) 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:22-44.1 (2026).

Text

The board of education of any Type II district may, after July 1 and before January 1, borrow a sum not exceeding 1/2 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.1968, c. 384, s. 1, supplementing art. 3B, c. 22, Title 18A, eff. Dec. 27, 1968.

Free access — add to your briefcase to read the full text and ask questions with AI

The board of education of any Type II district may, after July 1 and before January 1, borrow a sum not exceeding 1/2 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.1968, c. 384, s. 1, supplementing art. 3B, c. 22, Title 18A, eff. Dec. 27, 1968.