18A:24-92 - Bond anticipation notes - New Jersey Statutes

18A:24-92.  Bond anticipation notes
    Any school district or municipality which has authorized qualified bonds may  issue temporary notes or loan bonds (hereinafter  "notes" ) in anticipation of  the issuance of permanent qualified bonds to the extent permitted by the  provisions of Title 18A or any other applicable laws, subject to such  additional terms or conditions with respect to such notes as may be fixed or  required by the commissioner to insure that funds are borrowed only as needed  to meet required payments for construction, reconstruction, development,  extension, improvement, or acquisition of the educational facilities to be  financed by the issuance of permanent qualified bonds.

     L.1976, c. 39, s. 7, eff. June 28, 1976.