reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:24-1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-1 - Definitions

18A:24-1. Definitions  In this chapter unless the context otherwise indicates: a. "Average equalized valuation of taxable property" in a district comprising one municipality means the amount stated in the supplemental debt statement required to be filed prior to the authorization of the bonds of the district, as the average of the last three preceding equalized valuations of the taxable real estate (together with improvements) of the municipality, as stated in the annual debt statement of the municipality or revision thereof last filed, and in a district comprising more than one municipality means the sum of all such amounts so stated in the supplemental debt statements so required to be filed; b. "Borrowing margin" of a municipality means the excess, if any, of 3 1/2 % of the amount stated in the supplemental debt statement required by this article to be filed prior to authorization of bonds of a district, as the average of the last three preceding equalized valuations of the taxable real estate (together with improvements) of the municipality, over the net debt of the municipality as stated in such supplemental debt statement after adjustment of such net debt so as to disregard the proposed authorization of bonds of the district; c. "District or school district" means a local district, a district composed of two or more municipalities or a regional district and also, in the case of any district other than a type I district, when required by the context, the board of education of such district; d. "Equalized valuation" of a municipality means the sum total of (1) The aggregate equalized valuation of real property (together with improvements) as certified in the table of equalized valuations by the director of the division of taxation in the department of the treasury, on October 1 of each year, pursuant to chapter 86 of the laws of 1954, and (2) The assessed valuation of class II railroad property as set forth in the table of equalized valuations referred to in (1) above; e. "Net debt" of a municipality means the amount stated in the supplemental debt statement required by this article to be filed prior to the authorization of bonds of a district as the net debt of the municipality; f. "Net school debt" of a municipality or of a district means the amount of school bonds, for the payment of the principal and interest of which, such municipality or district is liable less the amount of any sinking fund held for the payment of same; g. "School bonds" means promissory notes and bonds authorized for school purposes, whether issued or unissued, for the payment of the principal and interest of which, a municipality or district is liable; and h. "Supplemental debt statement" means the statement of the debt condition of a municipality provided for in section 40A:2-42 of the local bond law (N.J.S. 40A:2-1 et seq.), and prepared, made and filed as in said law directed. L.1967, c.271.
NJ Rev Stat § 18A:24-2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-2 - Borrowing on tuition due from another district

18A:24-2. Borrowing on tuition due from another district  Any board of education may borrow upon its promissory note or notes bearing interest at not to exceed 6% per annum such sum or sums not exceeding 80% of the amount due it for tuition from any school district and upon assignment, as collateral, of the delinquent tuition and the tuition so assigned shall, when and as received, be applied to the repayment of the amount borrowed, with the interest, until the same has been fully repaid. L.1967, c.271.
NJ Rev Stat § 18A:24-3 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-3 - Borrowing in anticipation of issuance of bonds

18A:24-3. Borrowing in anticipation of issuance of bonds  Whenever an issue of bonds has been authorized pursuant to this chapter, the governing body of a municipality comprising a Type I school district, or the board of education of a Type II school district, may, in anticipation of the issuance of permanent bonds, by resolution, authorize the issuance of temporary notes or loan bonds of the municipality or district, as the case may be, as money is required by the board of education of the district for the projects for which the permanent bonds are authorized, in such principal sums (not exceeding in the aggregate the total principal amount of the permanent bonds), at such rates of interest and having such maturities (not exceeding 1 year and renewable, for not more than 1 year periods each, from time to time for not exceeding 5 years from the date of the original temporary notes or loan bonds; provided, however, that no such notes or temporary loan bonds shall be renewed beyond the third anniversary date of the originals unless an amount of such notes or temporary loan bonds equal to the first legally payable installment of the bonds in anticipation of which said temporary obligations were issued is paid and retired in each year subsequent to said third anniversary date from funds other than the proceeds of obligations) and upon such other terms and conditions as shall be fixed in the respective resolutions authorizing the issuance of such temporary notes or loan bonds, in which resolutions may be set forth any other matters relating to the issuance thereof which may be requisite. L.1967, c.271; amended by L.1969, c. 20, s. 1, eff. April 16, 1969; L.1969, c. 201, s. 1, eff. Dec. 1, 1969.
NJ Rev Stat § 18A:24-3.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-3.1 - Rules and regulations

18A:24-3.1. Rules and regulations  The local finance board shall adopt, in the manner prescribed by law, such rules and regulations as are necessary for the implementation and execution of this act. L.1969, c. 20, s. 2, eff. April 16, 1969.
NJ Rev Stat § 18A:24-4 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-4 - Payment of principal of temporary bonds from proceeds of permanent bonds

18A:24-4. Payment of principal of temporary bonds from proceeds of permanent bonds  The principal of any temporary notes or loan bonds shall be paid from the proceeds of the permanent bonds, in anticipation of the issuance of which they were issued, or from funds from time to time appropriated for such payments, and the interest upon such temporary notes or loan bonds shall be paid in the same manner as interest is paid upon permanent bonds. L.1967, c.271.
NJ Rev Stat § 18A:24-4.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-4.1 - Borrowing funds for transportation of pupils to and from school saved

18A:24-4.1. Borrowing funds for transportation of pupils to and from school saved  Chapter 75 of the laws of 1967 is saved from repeal. [This act authorizes boards of education to borrow, in anticipation of taxes, additional sums of money over the fixed annual school budget for the 1967-1968 fiscal year, upon its promissory notes for purposes of transporting pupils to and from school and provides for reimbursement by the state of the interest paid on said notes in the fiscal year in which said interest is paid.] L.1967, c.271.
NJ Rev Stat § 18A:24-6 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-6 - Bonds payable in installments

18A:24-6. Bonds payable in installments  All bonds issued under this chapter shall be payable in annual installments commencing not more than two years from their date, and no installment shall be more than 100% in excess of the amount of the smallest prior installment. L.1967, c.271; amended by L.1983, c. 458, s. 1, eff. Jan. 12, 1984.
NJ Rev Stat § 18A:24-7 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-7 - Change of maturities; application to local finance board

18A:24-7. Change of maturities; application to local finance board  If the governing body of any municipality comprising a type I school district or the board of education of a type II school district shall determine that the limits of maturities or amounts of annual installments, or both, applicable according to law to any bonds proposed to be authorized or theretofore authorized but remaining unissued, would adversely affect the financial position of such municipality or school district, it may make application in writing to the local finance board in the division of local finance in the department of community affairs setting forth such determination and the grounds therefor and requesting approval of a schedule of maturities and annual installments for such bonds. L.1967, c.271.
NJ Rev Stat § 18A:24-8 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-8 - Change of maturities; approval or disapproval by local finance board

18A:24-8. Change of maturities; approval or disapproval by local finance board  If the local finance board, after consultation with the commissioner, shall be satisfied and shall find by resolution that the issuance of bonds described in such application at the maturities prescribed by law would, and that the issuance thereof at the maturities described in such schedule will not, materially impair the credit of the municipality or school district or substantially reduce its ability during the ensuing 10 years to pay punctually the principal and interest of its debts and to supply essential public improvements and services, said board shall, within 60 days after the receipt of the application, cause its approval to be endorsed upon said application; otherwise, it shall cause its disapproval to be endorsed thereon. L.1967, c.271.
NJ Rev Stat § 18A:24-9 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-9 - Issuance of bonds in accordance with maturities approved by local finance board

18A:24-9. Issuance of bonds in accordance with maturities approved by local finance board  If such application shall be so approved such bonds shall thereafter be issued only at the maturities and in the annual installments set forth in said schedule, and the same shall be valid notwithstanding any limitations on maturities or annual installments set forth in this chapter or in any proposal, ordinance, resolution, certificate, proposition or other proceeding for the authorization of such bonds theretofore adopted, made, or taken. L.1967, c.271.
NJ Rev Stat § 18A:24-9.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-9.1 - Inclusion of redemption provisions in temporary loan notes or bonds and school bonds

18A:24-9.1. Inclusion of redemption provisions in temporary loan notes or bonds and school bonds  Any obligation issued pursuant to this chapter, may be issued subject to redemption prior to maturity with or without premium at such redemption price or prices and under such terms and conditions as shall be fixed by resolution of the governing body of the municipality, or of the board of education of the district, issuing the same, which price or prices shall not exceed the principal amount of such obligations plus interest accrued to the date of redemption unless the local finance board in the division of local finance in the department of community affairs, after consultation with the commissioner and after consideration of the redemption price or prices, including any redemption premium applicable thereto, the time or times of the proposed issuance thereof, the rate or maximum rate of interest borne or to be borne thereby, the maturity or maturities thereof and the earliest date of redemption thereof, shall by resolution, find that such redemption price or prices and such redemption premium, if any, are not unreasonable or exorbitant, and shall assent to the issuance of such obligations, subject to redemption at such redemption price or prices and at such redemption premium, if any. L.1967, c.271.
NJ Rev Stat § 18A:24-10 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-10 - School bonds, when deemed to be authorized

18A:24-10. School bonds, when deemed to be authorized  School bonds are deemed to be authorized by the fact, and at the time, that a. an ordinance is finally adopted by the governing body of a municipality comprised within a type I district, or b. a proposal is finally adopted by resolution by a recorded roll call majority vote of the full membership of the board of education of a type II district having a board of school estimate, or c. a proposal is adopted by resolution by the board of education, by a recorded majority vote of its full membership and is also adopted by the legal voters, of any other type II district, including a regional district, authorizing the issuance of such bonds by the municipality or the district, as the case may be, as provided in this article, except that if such issuance of bonds is not permissible under this article without the adoption of a proposition confirming such ordinance, or a proposal authorizing the issuance of such bonds, by the qualified voters of the municipality comprised within the type I district or the qualified voters of the district, as the case may be, then by the fact, and at the time, such proposition or proposal is so adopted by the voters. L.1967, c.271; amended by L.1977, c. 190, s. 3, eff. Aug. 24, 1977.
NJ Rev Stat § 18A:24-11 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-11 - Type I districts; authorization of bonds; appropriations and borrowings; procedure to be followed

18A:24-11. Type I districts; authorization of bonds; appropriations and borrowings; procedure to be followed  School bonds shall be authorized and may be issued, for the purposes of any type I district, pursuant to ordinance, adopted by the governing body of the municipality comprised within the district, authorizing the issuance thereof in the principal amount certified to said governing body by the board of school estimate of the district, in accordance with sections 18A:22-18 to 18A:22-20, but no such bonds shall be authorized or issued if the principal sum thereof shall exceed the limits prescribed in section 18A:24-19, except upon compliance with the provisions of this article applicable thereto. In the authorization of any bonds for the purposes of a type I district pursuant to this chapter and in making any appropriation or borrowing any moneys in connection therewith, it shall not be necessary for the governing body of the municipality comprised within the district to comply with any procedure other than that applicable to such municipality contained in this title and in chapter 49 of Title 40, Municipalities and Counties, of the Revised Statutes, except that this section shall not be construed to make unnecessary any procedure required by chapter 27 of Title 52, State Government, Departments and Officers, of the Revised Statutes relating to the municipal finance commission. L.1967, c.271.
NJ Rev Stat § 18A:24-11.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-11.1 - Newark; school bonds; authorization

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.
NJ Rev Stat § 18A:24-11.2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-11.2 - Bond authorization process continued

18A:24-11.2. Bond authorization process continued  In municipalities with a population in excess of 125,000 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. 1988, c. 10, s. 1.
NJ Rev Stat § 18A:24-12 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-12 - Type II districts; authorization of bonds

18A:24-12. Type II districts; authorization of bonds  School bonds shall be authorized and may be issued: a. by a type II district having a board of school estimate whenever the board of school estimate shall fix and determine the amount of money necessary to be raised for any capital project or projects and shall certify said amount pursuant to section 18A:22-30, the board of education may, by resolution, authorize the issuance of bonds to an amount not exceeding the amount so certified for such purpose or purposes; or b. by a type II district not having a board of school estimate pursuant to a proposal adopted by resolution by the board of education of the district in a principal sum determined therein and upon approval of the proposal contained in such resolution, by the legally qualified voters of the district, upon its submission to them for their approval or rejection at an annual school election, held after the date of the adoption of said resolution by the board of education, or at a special school election held for that purpose, but no such bonds shall be authorized or issued if the principal sum thereof shall exceed the limitations prescribed in section 18A:24-19 except upon compliance with the provisions of this article applicable thereto. L.1967, c.271.
NJ Rev Stat § 18A:24-13 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-13 - Combining issues of bonds

18A:24-13. Combining issues of bonds  Bonds authorized in any district to be issued to finance separate projects may be combined, sold and issued as one issue. L.1967, c.271.
NJ Rev Stat § 18A:24-13.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-13.1 - Attorneys; compensation; services on issuance of bonds

18A:24-13.1. Attorneys; compensation; services on issuance of bonds  No school district shall compensate an attorney for services rendered in connection with the issuance of bonds other than at a reasonable rate agreed on prior to the rendering of the services. L.1973, c. 114, s. 2.
NJ Rev Stat § 18A:24-16 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-16 - Supplemental debt statements; necessity for and contents.

18A:24-16 Supplemental debt statements; necessity for and contents.  18A:24-16. No school bonds or refunding bonds shall be authorized unless there shall be prepared and filed in accordance with section 18A:24-17 a supplemental debt statement in the form provided by law, setting forth the amounts of all bonds and notes of the district issued and outstanding, or authorized but not issued, and determining the net school debt of the district and giving effect to the proposed authorization of school bonds. With respect to refunding bonds, the supplemental debt statement shall reflect either new and unissued debt or the amount of the refunding debt in excess of the debt to be refunded. L.1967, c.271; amended 1978, c.71, s.1; 2003, c.264, s.1.
NJ Rev Stat § 18A:24-17 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-17 - Supplemental debt statement; preparation with respect to various municipalities; filing

18A:24-17. Supplemental debt statement; preparation with respect to various municipalities; filing  Upon request by the secretary of the board of education, the chief financial officer of each municipality comprising a school district shall prepare a supplemental debt statement with respect to authorization of school bonds by ordinance or proposal as follows:  a. With respect to a municipality comprising a Type I district, the statement shall be prepared as of the date of introduction of the ordinance authorizing the bonds for school purposes. Copies of such statement shall be filed in the office of the clerk of the municipality and in the office of the secretary of the board of education prior to introduction of the ordinance, and a copy of such statement shall be filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs prior to final adoption of the ordinance.  b. With respect to each municipality comprising a Type II district having a board of school estimate, the statement shall be prepared as of the date the board of education adopts the resolution authorizing the issuance of bonds pursuant to section 18A:24-12 a. or, if the bonds are to be authorized pursuant to the provisions of section 18A:24-21 or section 18A:24-23, as of the date the board of education adopts a resolution authorizing the issuance of bonds and providing for the submission of said resolution to the legally qualified voters of the school district. Copies of such supplemental debt statement shall be filed in the office of the clerk of each such municipality and in the office of the secretary of the board of education prior to the adoption of the resolutions referred to above and a copy of such statement shall be filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs as of the date of the adoption of the resolution authorizing the bonds.  c. With respect to Type II districts without a board of school estimate, supplemental debt statements shall be prepared as of the date the board of education by resolution approves and adopts the proposal or proposals to be submitted to the legal voters of the district. Copies of such statement shall be filed in the office of the clerk of each municipality comprising the school district and in the office of the secretary of the board of education prior to the adoption of the resolution. Copies of such debt statement shall be filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs prior to the date of the election at which the proposal or proposals are submitted to the voters.  L.1967, c.271; amended by L.1978, c. 71, s. 2, eff. July 7, 1978.
NJ Rev Stat § 18A:24-18 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-18 - Presumption of filing and correctness of statements

18A:24-18. Presumption of filing and correctness of statements  18A:24-18. Every such supplemental debt statement shall be conclusively presumed to be accurate and correct and to be timely filed as the basis for the issuance of any bond or other obligation, authorized, within the principal amount of bonds to which effect is given therein, by an ordinance or resolution adopted in connection therewith, and shall not be rebutted, and the correctness, sufficiency and timeliness of such debt statements shall not be contested or questioned in any action or proceeding relating to any such bond or other obligation or the levy or collection of taxes for the payment of the same.  L.1967, c.271; amended 1978,c.71,s.3; 1993,c.146,s.1.