New Jersey § 18A:56-15 Income of funds;  use of;  payment of premiums on bonds

New Jersey Statutes

§ 18A:56-15 — Income of funds; use of; payment of premiums on bonds

New Jersey § 18A:56-15

Title 18AEDUCATION

This text of New Jersey § 18A:56-15 (Income of funds; use of; payment of premiums on bonds) 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:56-15 (2026).

Text

The income of the school fund shall be paid into the general fund of the state treasury, and shall be used for the support of public schools, the payment of salaries of county superintendents and the payment of accrued interest on bonds purchased for the fund, the payment of interest on, and the purchase of, bonds issued locally for school purposes to the extent and within the limits provided by law, and for no other use or purpose whatsoever. The payment of premiums on bonds purchased shall be made out of the investment account. L.1967, c.271.

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The income of the school fund shall be paid into the general fund of the state treasury, and shall be used for the support of public schools, the payment of salaries of county superintendents and the payment of accrued interest on bonds purchased for the fund, the payment of interest on, and the purchase of, bonds issued locally for school purposes to the extent and within the limits provided by law, and for no other use or purpose whatsoever. The payment of premiums on bonds purchased shall be made out of the investment account. L.1967, c.271.