New Jersey § 18A:58-33.37 Annual payments to school districts and municipalities; use

New Jersey Statutes

§ 18A:58-33.37 — Annual payments to school districts and municipalities; use

New Jersey § 18A:58-33.37

Title 18AEDUCATION

This text of New Jersey § 18A:58-33.37 (Annual payments to school districts and municipalities; use) 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:58-33.37 (2026).

Text

As provided in this act, every school district and municipality which shall be entitled thereto, shall receive annually the amount of its additional State school building aid and the State Board of Education shall include such amount thereof in its annual budget for building aid for such school district. Amounts of such building aid paid under this act shall be used for the payment of debt service (interest and principal) on bonds or notes entitled to the benefits of the provisions of this act. L.1978, c. 74, s. 16, eff. July 13, 1978.

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As provided in this act, every school district and municipality which shall be entitled thereto, shall receive annually the amount of its additional State school building aid and the State Board of Education shall include such amount thereof in its annual budget for building aid for such school district. Amounts of such building aid paid under this act shall be used for the payment of debt service (interest and principal) on bonds or notes entitled to the benefits of the provisions of this act. L.1978, c. 74, s. 16, eff. July 13, 1978.