New Jersey § 18A:8-3.1 Assumption of indebtedness for money or property upon annexation

New Jersey Statutes

§ 18A:8-3.1 — Assumption of indebtedness for money or property upon annexation

New Jersey § 18A:8-3.1

Title 18AEDUCATION

This text of New Jersey § 18A:8-3.1 (Assumption of indebtedness for money or property upon annexation) 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:8-3.1 (2026).

Text

When a municipality or a part thereof is annexed to another municipality and there is within the limits of the municipality or part thereof which is annexed, a schoolhouse or property formerly belonging to the board of education of the school district situated in such municipality, any indebtedness of such board of education for the erection, purchase, furnishing or repair of such schoolhouse or property shall be assumed by and become the obligation of the board of education of the school district of the annexing municipality. L.1967, c.271.

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When a municipality or a part thereof is annexed to another municipality and there is within the limits of the municipality or part thereof which is annexed, a schoolhouse or property formerly belonging to the board of education of the school district situated in such municipality, any indebtedness of such board of education for the erection, purchase, furnishing or repair of such schoolhouse or property shall be assumed by and become the obligation of the board of education of the school district of the annexing municipality. L.1967, c.271.