18A:22-15 - Appropriations, how made - New Jersey Statutes

18A:22-15.  Appropriations, how made
    The governing body of each municipality comprising a type I district shall,  upon the receipt of the certificate of the board of school estimate:

     a.  Appropriate the amount, so certified, for the use of the public schools  in the district for the ensuing school year, if such appropriations in the  district are not made upon a calendar year basis;  or

     b.  Appropriate not less than one half of the amount, so certified, if such  appropriations in the district are made upon a calendar year basis, and in any  year except the first in which such appropriation is so made, appropriate also  the unappropriated balance, if any, of the sum previously certified by the  board of school estimate for the current school year.
 
L.1967, c.271.