18A:24-26 - Approval or disapproval by commissioner - New Jersey Statutes

18A:24-26.  Approval or disapproval by commissioner
    Within 60 days after such submission to him, the commissioner shall endorse  his consent upon such copy, if he shall be satisfied, and shall record in  writing his estimates, that existing educational facilities in the district  are, or within five years will be, less than 80% adequate, that the new  educational facilities to be financed pursuant to such ordinance or proposal  are, or within 10 years will be, fully utilized and that under existing  statutes there is no more economical alternative method of providing such new  educational facilities, but if the commissioner is not so satisfied he shall  endorse his disapproval on such copy within said period of 60 days.
 
L.1967, c.271.