New Jersey Statutes
§ 18A:24-47 — Payment to custodian; application
New Jersey·Title 18A EDUCATION
The proceeds of any bonds authorized and issued under this chapter shall be paid to the custodian of school moneys of the district, who shall, in no event, disburse them except to pay the expenses of issuing and selling the bonds and for the purpose or purposes for which the bonds were issued and for temporary investment as and in the manner prescribed by law, pending the carrying out of the purpose or purposes for which the bonds were issued and for such other purpose or purposes as are prescribed in this article. L.1967, c.271.
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Nearby Sections
15
§ 18A:24-1
Definitions§ 18A:24-10
School bonds, when deemed to be authorized§ 18A:24-11
Type I districts; authorization of bonds; appropriations and borrowings; procedure to be followed§ 18A:24-11.1
Newark; school bonds; authorization§ 18A:24-11.2. Bond authorization process continued
§ 18A:24-11.2. Bond authorization process continued§ 18A:24-12
Type II districts; authorization of bonds§ 18A:24-13
Combining issues of bonds§ 18A:24-19
School district bonds