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NEW JERSEY STATUTES AND CODES

52:18-26 - Treasurer may borrow from funds in his custody;  repayment; restriction

52:18-26.  Treasurer may borrow from funds in his custody;  repayment; restriction
    The state treasurer may borrow from any fund in his custody, deposited with  him pursuant to law, a sum sufficient to pay the principal and interest on any  state debt or other obligation due and owing, and repay the same out of the  first taxes or other revenue received into the treasury and dedicated to the  payment of such principal and interest.  He shall not, however, borrow,  appropriate or use any part of the fund for the support of free schools or  money appropriated for that purpose or received into the treasury under the  provisions of any law passed to augment such fund.
 

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