18A:20-4.1 - Type II districts; acquisition of property without authorization of voters - New Jersey Statutes

18A:20-4.1.  Type II districts;  acquisition of property without authorization of voters
    The board of education of any Type II school district may without authority  first obtained from the voters of the district:

    (a) Rent, on a year-to-year basis, or for a term not to exceed 5 years, in case of emergency, buildings to use for school purposes;  and

    (b) Take an option not to exceed 1 year in duration, at a cost not to exceed  the fair market value of such option, on the purchase of any land which the  board could lawfully purchase after securing the consent of the legal voters to  the purchase thereof, but such option may be exercised by the board only after  authority to purchase the property covered by such option has been given at an  annual or special school election.

L.1967, c.271; amended L.1968, c. 161, s. 1, eff. July 16, 1968;  L.1971, c. 300, s. 1, eff.  Aug. 27, 1971.