STATE STATUTES & CODES

NEW JERSEY STATUTES AND CODES

Section 18A:24

• 18A:24-1 - Definitions
• 18A:24-2 - Borrowing on tuition due from another district
• 18A:24-3 - Borrowing in anticipation of issuance of bonds
• 18A:24-3.1 - Rules and regulations
• 18A:24-4 - Payment of principal of temporary bonds from proceeds of permanent bonds
• 18A:24-4.1 - Borrowing funds for transportation of pupils to and from school  saved
• 18A:24-5 - Purposes and maturities for which bonds may be issued
• 18A:24-6 - Bonds payable in installments
• 18A:24-7 - Change of maturities;  application to local finance board
• 18A:24-8 - Change of maturities;  approval or disapproval by local finance board
• 18A:24-9 - Issuance of bonds in accordance with maturities approved by local  finance board
• 18A:24-9.1 - Inclusion of redemption provisions in temporary loan notes or bonds and school bonds
• 18A:24-10 - School bonds, when deemed to be authorized
• 18A:24-11 - Type I districts;  authorization of bonds;  appropriations and borrowings;  procedure to be followed
• 18A:24-11.1 - Newark;  school bonds;  authorization
• 18A:24-11.2 - Bond authorization process continued
• 18A:24-12 - Type II districts;  authorization of bonds
• 18A:24-13 - Combining issues of bonds
• 18A:24-13.1 - Attorneys;  compensation;  services on issuance of bonds
• 18A:24-16 - Supplemental debt statements; necessity for and contents
• 18A:24-17 - Supplemental debt statement;  preparation with respect to various municipalities; filing
• 18A:24-18 - Presumption of filing and correctness of statements 
• 18A:24-19 - School district bonds
• 18A:24-20 - Authorization of bonds in excess of limits prescribed in section  18A:24-19;  exception of type I districts
• 18A:24-21 - Manner of authorization of bonds in excess of certain limitations
• 18A:24-22 - Form of ordinance, proposition for confirmation of ordinance or  proposal for issuance of bonds under sections 18A:24-20 and 18A:24-21
• 18A:24-23 - Authorization of bonds in excess of limitations prescribed by section 18A:24-19
• 18A:24-24 - Form of ordinance, proposition for confirmation of ordinance or  proposal for issuance of bonds under section 18A:24-23
• 18A:24-25 - Submission to commissioner and local finance board; limiting conditions
• 18A:24-26 - Approval or disapproval by commissioner
• 18A:24-27 - Approval or disapproval by local finance board
• 18A:24-27.1 - Authorization to commissioner to certify required grade levels  of instruction
• 18A:24-28 - Charter limitations on indebtedness inapplicable
• 18A:24-28.1 - Certain bonds, etc., issued to June 22, 1964 saved
• 18A:24-30 - Transmission of certified copy of bond proposal 
• 18A:24-31 - Form;  type I districts
• 18A:24-32 - Form and execution;  type II districts
• 18A:24-33 - Coupon and registered bonds;  conversion, etc
• 18A:24-34 - Conversion or reconversion of unmatured bonds;  lost, defaced or  destroyed bonds;  reissuance
• 18A:24-35 - Type I districts
• 18A:24-36 - Public sale of bonds
• 18A:24-37 - Notice of sale of bonds
• 18A:24-38 - Contents of notice when proposals are the same
• 18A:24-39 - Special provisions for two or more issues
• 18A:24-40 - Cash premium not to exceed $1,000.00
• 18A:24-41 - Deposit by bidders
• 18A:24-42 - Sealed bids, proposals opened publicly
• 18A:24-43 - Rejection of proposals
• 18A:24-44 - Sale or delivery in installments
• 18A:24-45 - Private sale if no bids at public sale
• 18A:24-46 - Private sale to public agencies
• 18A:24-47 - Payment to custodian;  application
• 18A:24-48 - Application of proceeds to new purpose;  in districts having boards of school estimate;  certification by boards of education
• 18A:24-49 - Application of proceeds to new purpose in type I district; determination by board of school estimate
• 18A:24-50 - New purpose;  determination by board of school estimate in type  II districts
• 18A:24-51 - New purpose;  submission to voters in type II districts having no boards of school estimate
• 18A:24-52 - Approval of submission by commissioner
• 18A:24-53 - Approval by voters
• 18A:24-54 - Transfer of remaining unapplied balance 
• 18A:24-55 - Contracts made before issuance of bonds 
• 18A:24-56 - Lien of bonds of type II district
• 18A:24-57 - Payment of interest and principal from taxes
• 18A:24-58 - Borrowing to pay principal and interest
• 18A:24-59 - Disposition of funds for payment of principal and interest on obligations
• 18A:24-60 - Cancellation and disposition of paid obligations
• 18A:24-61 - Renewal or refunding of obligations prohibited;  exceptions
• 18A:24-61.1 - Funding or refunding bonds at or prior to maturity
• 18A:24-61.2 - Purposes for which refunding bonds may be authorized; exclusions from net school debt
• 18A:24-61.3 - Refunding bond ordinance;  manner of sale and issuance
• 18A:24-61.4 - Supplemental debt statement, adoption of refunding bond ordinance; provisions
• 18A:24-61.5 - Certified copy of refunding bond ordinance; filing
• 18A:24-61.6 - Powers and duties of local finance board
• 18A:24-61.7 - Consent by board;  considerations;  statement of reasons for refusal
• 18A:24-61.8 - Title;  dates;  interest;  denomination;  payment; redemption
• 18A:24-61.9 - Sale or exchange of refunding bonds
• 18A:24-61.10 - Sinking fund or reserve fund moneys;  payment or retirement of refunded bonds or deposit in trust
• 18A:24-61.11 - Refunding bonds for refunding bonds due over five year period;  investments
• 18A:24-61.12 - Powers under this Act and validity of refunding bonds not affected by laws or proceedings
• 18A:24-62 - Authorization of issuance of certain refunding bonds saved
• 18A:24-63 - Bonds authorized prior to change in method of government of school district
• 18A:24-64 - Issuance of bonds authorized prior to effective date of this title
• 18A:24-65 - Expiration date for contesting validity of proceeding, election 
• 18A:24-66 - Authorization
• 18A:24-67 - Application for authorization;  grant of authorization; certificate;  publication of notice of certificate;  conclusiveness of validity of bonds
• 18A:24-68 - Purpose of act
• 18A:24-69 - Contracts with financial institutions as agents;  terms of advance subscription
• 18A:24-70 - Bond resolution;  provisions
• 18A:24-71 - Investment of proceeds;  disposition of excess borrowed over authorizations;  reserve for payment of bonds
• 18A:24-72 - Maturity date
• 18A:24-73 - Annual installment to retire bonds;  calculation;  school budget  item;  sinking fund;  disposition of excess
• 18A:24-74 - Temporary borrowings to meet redemptions
• 18A:24-75 - Municipal ordinance for guaranty;  authorization
• 18A:24-76 - Modification or revocation of right or interest of bondholder
• 18A:24-77 - Grounds for grant of authorization
• 18A:24-78 - Application to issue of other bonds
• 18A:24-79 - Net debt of board of education;  calculation;  net debt of municipality
• 18A:24-80 - Exemption from taxation
• 18A:24-81 - Payroll deductions for purchase of bonds
• 18A:24-82 - Legal investment for fiduciaries or other representative
• 18A:24-83 - Bonds as gift to minor or for purchase for beneficiary
• 18A:24-84 - Construction of act;  severability;  validity of bonds
• 18A:24-85 - Short title
• 18A:24-86 - Legislative findings
• 18A:24-87 - Definitions
• 18A:24-88 - Qualified bonds;  issuance;  resolution by local board of education or municipality;  application to commissioner;  resolution of approval by state board;  endorsement of proposal or ordin
• 18A:24-89 - Endorsement of consent of local finance board;  conditions
• 18A:24-90 - Revision of maturity schedule approved by local finance board; application;  approval;  endorsement
• 18A:24-91 - Recitals;  method of authorization and issue;  maturity; provisions for protection of bondholders
• 18A:24-92 - Bond anticipation notes
• 18A:24-93 - Certification to state treasurer of debt service and paying agent;  withholding state school aid to pay bonds;  guarantee to bondholders
• 18A:24-94 - Annual budget of school district or municipality;  inclusion of  debt service on qualified bonds
• 18A:24-95 - Application to projects commenced prior to effective date of act
• 18A:24-96 - Severability
• 18A:24-97 - Issuance in absence of compliance with provisions as to approval  for qualification upon adoption of funding ordinances or resolutions;   refunding bonds;  standards in investigation by co

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