New Jersey § 18A:7A-46.6 Debt service part of municipal budget.

New Jersey Statutes

§ 18A:7A-46.6 — Debt service part of municipal budget.

New Jersey § 18A:7A-46.6

Title 18AEDUCATION

This text of New Jersey § 18A:7A-46.6 (Debt service part of municipal budget.) 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:7A-46.6 (2026).

Text

6.The debt service on bonds, notes and other obligations authorized pursuant to P.L.1991, c.139 (C.18A:7A-46.1 et seq.) shall be appropriated and made part of the municipal budget and raised through the annual municipal tax levy. However, all debt service payments shall be included in the budget of the school district under full State intervention as the sum necessary for interest and debt redemption charges and shall be eligible for State education aid in the year in which the appropriation and expenditure are made. L.1991,c.139,s.6; amended 2005, c.235, s.25.

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6. The debt service on bonds, notes and other obligations authorized pursuant to P.L.1991, c.139 (C.18A:7A-46.1 et seq.) shall be appropriated and made part of the municipal budget and raised through the annual municipal tax levy. However, all debt service payments shall be included in the budget of the school district under full State intervention as the sum necessary for interest and debt redemption charges and shall be eligible for State education aid in the year in which the appropriation and expenditure are made. L.1991,c.139,s.6; amended 2005, c.235, s.25.