New Jersey Statutes
§ 18A:56-11 — Investment in bonds secured by mortgages
New Jersey·Title 18A EDUCATION
No part of the principal or interest of the fund shall be invested in bonds secured by mortgage on lands except as hereinafter provided in the case of purchase money mortgages. L.1967, c.271
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Nearby Sections
15
§ 18A:56-10
Stamp of ownership on coupon bonds§ 18A:56-11
Investment in bonds secured by mortgages§ 18A:56-12
Mortgage foreclosure proceedings§ 18A:56-13
Purchase of lands by board on foreclosure§ 18A:56-14
Sale of real estate held or acquired§ 18A:56-17
Short title§ 18A:56-18
Legislative finding and declaration§ 18A:56-2
Secretary of board; records§ 18A:56-20
School bond legend.§ 18A:56-21
Schools facilities financing reserve