New Jersey § 18A:7G-10 Issuance of school bonds, certificates of participation, determination of aid.

New Jersey Statutes

§ 18A:7G-10 — Issuance of school bonds, certificates of participation, determination of aid.

New Jersey § 18A:7G-10

Title 18AEDUCATION

This text of New Jersey § 18A:7G-10 (Issuance of school bonds, certificates of participation, determination of aid.) 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:7G-10 (2026).

Text

10.For each issuance of school bonds or certificates of participation issued for a school facilities project approved by the commissioner prior to the effective date of P.L.2000, c.72 (C.18A:7G-1 et al.): Aid is the sum of A where A = B x EQAID/AB and where B is the district's total debt service or lease purchase payment for the individual issuance for the fiscal year; EQAID is the district's equalization aid amount determined pursuant to section 11 of P.L.2007, c.260 (C.18A:7G-53); and AB is the district's adequacy budget determined pursuant to section 9 of P.L.2007, c.260 (C.18A:7F-51). For county special services school districts, EQAID/AB shall be that of the county vocational school district in the same county. L.2000, c.72, s.10; amended 2007, c.260, s.43.

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10. For each issuance of school bonds or certificates of participation issued for a school facilities project approved by the commissioner prior to the effective date of P.L.2000, c.72 (C.18A:7G-1 et al.): Aid is the sum of A where A = B x EQAID/AB and where B is the district's total debt service or lease purchase payment for the individual issuance for the fiscal year; EQAID is the district's equalization aid amount determined pursuant to section 11 of P.L.2007, c.260 (C.18A:7G-53); and AB is the district's adequacy budget determined pursuant to section 9 of P.L.2007, c.260 (C.18A:7F-51). For county special services school districts, EQAID/AB shall be that of the county vocational school district in the same county. L.2000, c.72, s.10; amended 2007, c.260, s.43.