18A:24-11.1 - Newark; school bonds; authorization - New Jersey Statutes

18A:24-11.1.  Newark;  school bonds;  authorization
    In cities of the first class with a population in excess of 300,000, according to the 1980 Federal Census, that change the local school district governmental structure from a Type I to a Type II district, any bond authorization process begun, under the provisions of N.J.S. 18A:22-18, prior to  the referendum authorizing the change from a Type I to a Type II district shall  be subject to the laws, rules and regulations governing the authorization,  issuance and sale of bonds in Type I school districts and such bonds may be  issued and sold and the proceeds disposed of in the manner provided by law at  the time said proceedings were begun as if the city had remained under the Type  I school district structure.

     L.1983, c. 1, s. 1, eff. Jan. 13, 1983.  Amended by L.1983, c. 218, s. 1, eff.  June 22, 1983.