New Jersey Statutes

§ App.A:4-66 — Matters to be considered by Local Government Board; statement of reasons for refusing consent

New Jersey § App.A:4-66

This text of New Jersey § App.A:4-66 (Matters to be considered by Local Government Board; statement of reasons for refusing consent) 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. § App.A:4-66 (2026).

Text

In considering any resolution in connection with the issuance of any refunding bonds, presented to it for the indorsement of its consent thereon, the Local Government Board shall have regard to the probable capacity of the school district to pay at their maturity the refunding bonds proposed to be issued and all other indebtedness then outstanding, taking into consideration both the assessed and the true value of taxable property, and to the equitable distribution of the burden of interest and debt redemption charges in connection with the refunding bonds and other indebtedness theretofore or which may necessarily thereafter be incurred. If the Local Government Board shall refuse to indorse its consent upon any such resolution, it shall make and certify to the school district a statement o

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Bluebook (online)
New Jersey § App.A:4-66, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/App.A%3A4-66.