reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:13-61 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-61 - Taking title to and control of grounds, buildings and furnishings by districts; assumption of indebtedness.

18A:13-61 Taking title to and control of grounds, buildings and furnishings by districts; assumption of indebtedness.  11. The withdrawing district and the remaining districts, or each constituent district in the event of a dissolution, shall take title to and control of all school grounds and buildings, and the furnishings and equipment therein, other than those which had been rotated or shared among the regional schools, situated in their respective districts on the effective date of withdrawal or dissolution as established by the commissioner. The county superintendent shall allot a fair proportion of the shared or rotated furnishings and equipment to the withdrawing district or to each of the constituent districts in the event of a dissolution. Upon the assumption of title, each board shall also assume such amount of the indebtedness of the original regional school district as shall have been determined by the commissioner. In the event of a withdrawal, the withdrawing district shall pay to the regional board of education, at least five days before it becomes due, the amount of the principal and interest of the assumed indebtedness; such principal and interest shall be paid by the regional board, together with such amount due on its assumed indebtedness, at and when it becomes due and payable. In the event of a dissolution, the county superintendent and commissioner, in determining the amount of indebtedness to be assumed by each constituent district, shall give due regard to the value of school buildings and grounds being conveyed to the constituent district in which those buildings and grounds are located. L.1975, c.360, s.11; amended 1977, c.279, s.5; 1993, c.255, s.10; 2015, c.95, s.5.
NJ Rev Stat § 18A:13-61.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-61.1 - Withdrawal from certain limited purpose regional school district

18A:13-61.1. Withdrawal from certain limited purpose regional school district  1. Notwithstanding the provisions of any law, rule or regulation to the contrary, a district which receives approval to withdraw from a limited purpose regional school district that has grades 7 through 12 and is located in a county of the second class with a population of at least 500,000, but not greater than 600,000, according to the 1990 federal decennial census shall pay to the regional district an amount which represents the equity interest of the withdrawing district in the buildings, furnishings and property to which the district will take title upon withdrawal , and that amount shall be used by the regional district only for the purposes for which bonds may be issued under N.J.S.18A:24-5. The withdrawing district may issue bonds for that amount, or any portion of that amount, pursuant to chapter 24 of Title 18A of the New Jersey Statutes ; provided however, that the total principal amount of any such debt issued shall not exceed $8,000,000.  The withdrawing district shall provide the Commissioner of the Department of Education with a detailed statement of the costs of issuance of any such bonds, within thirty days of the issuance thereof, with specific reference, where applicable, to itemized costs for the following services:  (1) bond counsel, tax counsel and special counsel; (2) financial advisor; (3) paying agent and registrar; (4) rating agencies; (5) official statement printing; (6) bond printing; (7) trustee; (8) credit enhancement; (9) liquidity facility; and (10) miscellaneous issuance costs; and calculation of underwriters' spread, broken down into the following components, and accompanied by a list of underwriters' spreads from recent comparable bond issues:  (1) management fees; (2) underwriters' fees; (3) selling concessions; (4) underwriters' counsel; and (5) other costs. L.1994,c.96,s.1.
NJ Rev Stat § 18A:13-61.2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-61.2 - "Equity interest" defined; calculation

18A:13-61.2. "Equity interest" defined; calculation  2. a. As used in section 1 of this act,"equity interest" means the excess in value between the assets to be acquired by the withdrawing district pursuant to section 3 of P.L.1975, c.360 (C.18A:13-53) and the proportionate contribution made by the withdrawing district to all regional assets, adjusted for replacement value.  b. The calculation required to establish the equity interest as defined in subsection a. of this section shall be the excess, if any, of the replacement cost of the buildings, grounds, furnishings, equipment, and additions thereto to which the withdrawing district shall take title upon withdrawal pursuant to section 3 of P.L.1975, c.360 (C.18A:13-53) over that amount obtained by multiplying the replacement cost of all the regional district's buildings, grounds, furnishings, equipment, and additions thereto by a ratio that reflects the proportionate contributions made by the withdrawing district to the payment of the cost of the regional district's assets. The proportionate contribution shall be determined by reference to the proportion of the revenues of the regional district contributed by the withdrawing district in each fiscal year of the life of all of the buildings, grounds, furnishings, equipment, and additions thereto of the regional district.  L.1994,c.96,s.2.
NJ Rev Stat § 18A:13-62 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-62 - Division of assets and liabilities in event of withdrawal, dissolution

18A:13-62. Division of assets and liabilities in event of withdrawal, dissolution  12. The county superintendent in a written report filed by him at the end of the school year preceding that in which the withdrawal or dissolution becomes effective shall make a division of the assets and liabilities between the withdrawing district and the regional district, or among the constituent districts in the event of a dissolution, in the same manner as provided in N.J.S.18A:8-24.  L.1975,c.360,s.12; amended 1993,c.255,s.11.
NJ Rev Stat § 18A:13-63 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-63 - Dissolution of limited purpose regional school district; withdrawal of local districts; separate local school district

18A:13-63. Dissolution of limited purpose regional school district; withdrawal of local districts; separate local school district  13. If in the event of a withdrawal from the regional district as a result of the foregoing procedures a limited purpose regional school district shall be left with only one constituent local school district, such regional school district shall be dissolved upon the effective date of the withdrawal of the other constituent school districts, and such remaining constituent municipality shall thenceforth be constituted a separate local school district and governed by the laws applicable thereto. If all of the local districts withdraw from the regional district, such regional district shall be dissolved upon the effective date of the last withdrawal, and its assets and liabilities shall devolve upon the respective withdrawing districts in accordance with the division made by the county superintendent as provided in section 12 hereof.  Upon the effective date of a dissolution of a regional district each constituent municipality shall thenceforth be constituted a separate local school district and be governed by the laws applicable thereto, and its assets and liabilities shall devolve upon the respective constituent districts in accordance with the division made by the county superintendent as provided in section 12 of P.L.1975, c.360 (C.18A:13-62).  L.1975,c.360,s.13; amended 1993,c.255,s.12.
NJ Rev Stat § 18A:13-64 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-64 - Positions, rights and benefits of regional, constituent district employees continued

18A:13-64. Positions, rights and benefits of regional, constituent district employees continued  14. All employees of the regional district shall continue in their respective positions in the withdrawing district, or in each of the constituent districts in the event of a dissolution, and all of their rights of tenure, seniority, pension, leave of absence and other similar benefits shall be recognized and preserved and any periods of prior employment in the regional district shall count toward the acquisition of tenure to the same extent as if all such employment had been under the withdrawing district or in any of the constituent districts in the event of a dissolution. In the event of a withdrawal, any tenured employee in a school located in the withdrawing district who desires to remain in the employ of the regional district, and whose seniority under existing tenure laws so permits, may apply for and shall be granted a transfer to a position with the regional district for which he is certified which is vacant, held by a tenured employee with less seniority or by an employee without tenure; applications for such transfers shall be made within 45 days of the date of the special school election at which the withdrawal was approved.  L.1975,c.360,s.14; amended 1993,c.255,s.13.
NJ Rev Stat § 18A:13-65 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-65 - Inapplicability of act to rights of bondholders

18A:13-65. Inapplicability of act to rights of bondholders  Nothing contained herein shall in any way affect the rights of holders of any bonds issued by any school district or municipality effected pursuant to this act. L.1975, c. 360, s. 15, eff. March 3, 1976.
NJ Rev Stat § 18A:13-66 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-66 - Investigation of advisability of withdrawal

18A:13-66. Investigation of advisability of withdrawal  The governing body of any municipality constituting a part of an all purpose regional district may, by resolution, apply to the county superintendent of schools to investigate the advisability of the withdrawal of the municipality from the all purpose regional district.  L.1989,c.90,s.1.
NJ Rev Stat § 18A:13-67 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-67 - Report on assets, operating expenses

18A:13-67. Report on assets, operating expenses  The county superintendent shall, within 60 days after the request, file with the governing bodies of the municipalities constituting the all purpose regional district and the board of education of the all purpose regional school district, a report containing a statement of the current assets and operating expenses of the all purpose regional district for the current year and any financial, educational and other information that he may deem necessary to enable the governing bodies and the regional board of education to form an intelligent judgment as to the advisability of the proposed withdrawal and its effect upon the educational and financial condition of the withdrawing municipality and the all purpose regional district and setting forth the amount of indebtedness, if any, to be assumed by the withdrawing municipality and the all purpose regional district, calculated as hereinafter provided.  L.1989,c.90,s.2.
NJ Rev Stat § 18A:13-68 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-68 - Amount indebtedness bears to replacement cost

18A:13-68. Amount indebtedness bears to replacement cost  The county superintendent shall calculate the amount of indebtedness to be assumed on the basis of the proportion which the replacement cost of the buildings, grounds, furnishings, equipment, and additions thereto of the all purpose regional district situated in the withdrawing municipality bears to the replacement cost of the buildings, grounds, furnishings, equipment and additions thereto situated in the entire all purpose regional district. The replacement cost shall be determined according to rules prescribed by the Commissioner of Education with the approval of the State board and in accordance with recognized accounting practices.  L.1989,c.90,s.3.
NJ Rev Stat § 18A:13-69 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-69 - Petition

18A:13-69. Petition  The governing body of the withdrawing municipality may, within 30 days after the filing of the report by the county superintendent, petition the commissioner for permission to submit to the legal voters of the withdrawing municipality and the remaining municipalities within the all purpose regional district the question whether or not it shall withdraw from the all purpose regional district, and in the petition the governing body may request any specific reduction or increase in the amount of indebtedness to be assumed as set forth in the county superintendent's report. Proof of the service of a copy of the petition upon the municipal governing body of each constituent municipality, the board of education of the all purpose regional district, and the county superintendent, prior to the filing of the petition, shall accompany the petition.  L.1989,c.90,s.4.
NJ Rev Stat § 18A:13-70 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-70 - Answer to petition

18A:13-70. Answer to petition  The governing body of any constituent municipality of the all purpose regional district and the board of education of the all purpose regional district shall, within 15 days after service of a copy of the petition upon it, file an answer to the petition with the commissioner and serve a copy of the answer upon the governing body of every other constituent municipality and upon the board of education of the all purpose regional district and the county superintendent. The answer shall set forth matters similar to those described in section 6 of this act.  L.1989,c.90,s.5.
NJ Rev Stat § 18A:13-71 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-71 - Review of petition; granting, denial.

18A:13-71 Review of petition; granting, denial.  6. The Commissioner of Education shall review the petition and answers for a determination as to whether or not the petition should be granted, and if so, the amount of indebtedness, if any, to be assumed by the withdrawing municipality and the all purpose regional district upon approval of the legal voters of the withdrawing municipality and the remaining constituent municipalities at a special school election. The commissioner shall consider the effect of the proposed withdrawal upon the educational and financial condition of the withdrawing municipality and the all purpose regional district and shall schedule and hold a public hearing on the petition upon the application of any interested party. In considering the effect of the proposed withdrawal upon the educational and financial condition of the withdrawing and remaining municipalities, the commissioner shall: a. Consent to the granting of the application; b. Oppose the granting of the application because, if it is granted: (1) An excessive debt burden will be imposed upon the withdrawing municipality and regional district; (2) An efficient school system cannot be maintained in the all purpose regional district or the withdrawing municipality without excessive costs; (3) Insufficient pupils will be left in the all purpose regional district to maintain a properly graded school system; or (4) Any other reason, which it may deem to be sufficient; or c. Request that if the petition is granted, the amount of debt which the regional district would be required to assume, calculated as hereinbefore provided, be reduced for the reason that:  (1) The amount of indebtedness, together with all other indebtedness of the constituent municipalities of the all purpose regional district would be excessive; (2) The amount of expenditure for debt service which would be required would be so great that sufficient funds would not be available for current expenses without excessive taxation; or (3) The amount of indebtedness is inequitable in relation to the value of the property to be acquired by the all purpose regional district and would materially impair the credit of the constituent municipalities of the district, and the ability to pay punctually the principal and interest of their debt and so supply the essential educational facilities and public improvements and services that might reasonably be anticipated would be required of them. The commissioner shall make findings and render a determination within 60 days of the receipt of the petition and answers. L.1989, c.90, s.6; amended 2015, c.95, s.6.
NJ Rev Stat § 18A:13-72 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-72 - Special school election

18A:13-72. Special school election  If the application is granted, the county superintendent shall, after conferring with the governing bodies of the constituent municipalities of the regional district, fix a day and a time for holding a special school election, at which time the question whether or not the withdrawing municipality shall withdraw from the all purpose regional district shall be submitted to the legal voters of the withdrawing municipality and to the legal voters within the remainder of the all purpose regional district.  L.1989,c.90,s.7.
NJ Rev Stat § 18A:13-73 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-73 - Amount, effect of indebtedness to be stated

18A:13-73. Amount, effect of indebtedness to be stated  The amount of indebtedness to be assumed by the withdrawing municipality and the effect of the indebtedness upon the borrowing margin of the municipality and the remaining municipalities within the all purpose regional district shall be stated in the notices and advertisements of the special school election and in the ballots to be used therein, and the election shall be conducted and the results of the election shall be determined in the manner prescribed by law for special school elections in type II districts. The result shall be certified within five days after the holding of the election to the county superintendent, the governing bodies of the withdrawing municipality and the constituent municipalities of the all purpose regional district, and the board of education of the all purpose regional district.  L.1989,c.90,s.8.
NJ Rev Stat § 18A:13-74 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-74 - Withdrawal of municipality

18A:13-74. Withdrawal of municipality  If the question is adopted at the special school election, the withdrawal of the municipality initiating the proceeding shall become effective and the municipality shall be constituted a separate district upon a date to be decided by the Commissioner of Education. The newly constituted district shall be classified as provided pursuant to chapter 9 of Title 18A of the New Jersey Statutes.  L.1989,c.90,s.9.
NJ Rev Stat § 18A:13-75 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-75 - Board of education

18A:13-75. Board of education  The members of the board of education of the all purpose regional district shall continue in office until the withdrawal of the municipality becomes effective. When the withdrawal takes effect, the terms of those members of the regional board who reside in the withdrawing municipality shall expire, and the vacancies occurring shall be reapportioned among the remaining municipalities and filled by appointment by the county superintendent to serve until the next annual school election of the all purpose regional district, at which time their successors shall be elected in accordance with the reapportionment.  L.1989,c.90,s.10.
NJ Rev Stat § 18A:13-76 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-76 - First board of education

18A:13-76. First board of education  The members of the regional board who reside in the withdrawing municipality shall be members of the first board of education of the new district. They shall continue to serve as members of the board of education of the new district until the expiration of the respective terms for which they were elected as members of the board of education of the all purpose regional district. The number of additional members of the first board of education required to complete full membership of the board shall be appointed by the county superintendent to serve until the next annual school election or, in the case of a type I district, until the next annual appointment period of the new district, at which time their successors shall be elected or appointed.  L.1989,c.90,s.11.
NJ Rev Stat § 18A:13-77 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-77 - Title to school grounds, etc.; assumption of indebtedness.

18A:13-77 Title to school grounds, etc.; assumption of indebtedness.  12. The new district and the all purpose regional district shall take title to and control of all school grounds and buildings, and the furnishings and equipment therein, other than those which had been rotated or shared among the regional schools, situated in their respective districts on the effective date of withdrawal as established by the commissioner. The county superintendent shall allot a fair proportion of the shared or rotated furnishings and equipment to the new district. Upon the assumption of title, each board shall also assume the amount of the indebtedness of the original all purpose regional district as determined by the commissioner. The new district shall pay to the regional board of education, at least five days before it becomes due, the amount of the principal and interest of the assumed indebtedness. The principal and interest shall be paid by the regional board, together with the amount due on its assumed indebtedness, as and when it becomes due and payable. L.1989, c.90, s.12; amended 2015, c.95, s.7.
NJ Rev Stat § 18A:13-78 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-78 - Division of assets, liabilities

18A:13-78. Division of assets, liabilities  The county superintendent in a written report filed by him at the end of the school year preceding that in which the withdrawal becomes effective shall make a division of the assets and liabilities between the new district and the remaining district in the same manner as provided in N.J.S.18A:8-24.  L.1989,c.90,s.13.
NJ Rev Stat § 18A:13-79 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:13-79 - Dissolution of all purpose regional district

18A:13-79. Dissolution of all purpose regional district  If as a result of the foregoing procedures an all purpose regional district is left with only one constituent municipality, the all purpose regional district shall be dissolved upon the effective date of the withdrawal of the other constituent municipalities, and the remaining constituent municipality shall thenceforth be constituted a separate local school district and governed by the laws applicable thereto. If all of the municipalities withdraw from the all purpose regional district, the all purpose regional district shall be dissolved upon the effective date of the last withdrawal, and its assets and liabilities shall devolve upon the respective withdrawing municipalities in accordance with the division made by the county superintendent as provided in section 13 of this act.  L.1989,c.90,s.14.