reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:58-33.10 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.10 - Approval by local finance board; endorsement

18A:58-33.10. Approval by local finance board; endorsement  (a) A copy of the resolution of the State Board of Education referred to in section 4(a) and a copy of the proposal or ordinance referred to in section 4(b), bearing the endorsement of the Commissioner of Education as aforesaid, shall be submitted to the Local Finance Board in the Division of Local Finance for its consideration, and the Local Finance Board in considering such copy of proposal or ordinance submitted to it and before endorsing its consent thereon may require the board of education of any school district or the governing body of any municipality in such school district to adopt resolutions restricting or limiting any future proceedings therein or other matters or things deemed by the Local Finance Board to affect any estimate made or to be made by it in accordance with subsection (b) hereof, and every such resolution so adopted shall constitute a valid and binding obligation of such school district or municipality, as the case may be, running to and enforceable by, and releasable by, the Local Finance Board. (b) Within 60 days after such submission to it, the Local Finance Board shall cause its consent to be endorsed upon such copy of any proposal or ordinance authorizing such bonds, if it shall be satisfied, and shall record by resolution, its estimates that the amounts to be expended for the education facilities to be financed pursuant to such proposal or ordinance are not unreasonable or exorbitant, and that issuance of the bonds, to be authorized by such proposal or ordinance, will not materially impair the credit of any municipality comprised within the district or substantially reduce its ability, during the ensuing 10 years, to pay punctually the principal and interest of its debts and supply essential public improvements and services, but if the Local Finance Board is not so satisfied it shall cause its disapproval to be endorsed on such copy within said period of 60 days. L.1971, c. 10, s. 5, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.11 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.11 - Change in maturity schedule for bonds; resolution; approval; endorsement

18A:58-33.11. Change in maturity schedule for bonds; resolution; approval; endorsement  (a) If the board of education of a school district shall determine by resolution that the maturity schedule for bonds entitled to the benefits of this act, other than the maturity schedule approved by the State Board of Education by resolution pursuant to section 4(a) of this act, is in the best interest of said school district, it may make application to the State Board of Education setting forth such belief and the grounds therefor and requesting approval of a schedule of maturities for such bonds set forth in the application. If the State Board of Education, by resolution, shall find that the schedule of maturities set forth in the application is in the best interest of the school district and the State, it shall cause its approval to be endorsed thereon and shall forward said application to the Local Finance Board. (b) Within 60 days after submission to the Local Finance Board of an application in accordance with section 6(a) of this act, it shall cause its approval to be endorsed thereon if it shall be satisfied and shall record by resolution its findings that the belief set forth in such application is well founded and that issuance of the bonds mentioned and described in such application would not materially impair the credit of any municipality comprised within the school district or substantially reduce its ability, during the ensuing 10 years, to pay punctually the principal and interest of its debts and supply essential public improvements and services, but if the Local Finance Board is not so satisfied, it shall cause its disapproval to be endorsed on such copy within said period of 60 days. L.1971, c. 10, s. 6, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.12 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.12 - Deduction of bonds from school debt and gross debt of municipality

18A:58-33.12. Deduction of bonds from school debt and gross debt of municipality  Any bonds entitled to the benefits of the provisions of this act, shall be deducted from the school debt in determining the net school debt of any school district for any purpose or computation under section 18A:24-19 of the New Jersey Statutes, and the amount of all such bonds shall be deducted from the gross debt of any municipality constituting the whole or any part of such school district pursuant to section 40A:2-44(g) of the New Jersey Statutes. L.1971, c. 10, s. 7, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.13 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.13 - Issuance of bonds; contents; limitation on maturity

18A:58-33.13. Issuance of bonds; contents; limitation on maturity  All of such bonds when issued shall contain a recital to the effect that they are issued pursuant to Title 18A, Education, of the New Jersey Statutes and are entitled to the benefits of the provisions of this act. Except as otherwise provided in this act, any bonds entitled to the benefits of the provisions of this act shall be authorized and issued in the manner provided for in said Title 18A. Compliance with the provisions of this act by or on behalf of any school district or municipality shall make it unnecessary to comply with any of the provisions of sections 18A:24-20 through 18A:24-27 of the New Jersey Statutes, and such sections shall not be applicable with respect to authorization or issuance of any bonds entitled to the benefits of the provisions of this act. Bonds entitled to the benefits of the provisions of this act shall mature not later than 30 years from their date, without regard to any limitations as to maturities or amounts of annual installments for such bonds as provided in said Title 18A. L.1971, c. 10, s. 8, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.14 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.14 - Temporary notes or loan bonds; issuance

18A:58-33.14. Temporary notes or loan bonds; issuance  Any school district or municipality which has authorized bonds which are entitled to the benefits of this act, may issue temporary notes or loan bonds (hereinafter called "notes" ) in anticipation of the issuance of permanent bonds to the extent permitted or provided by or pursuant to the provisions of Title 18A, Education, of the New Jersey Statutes or any other laws applicable, subject to such additional terms or conditions with respect to such notes as may be fixed or required by the Commissioner of Education to insure that funds are borrowed only as needed to meet required payments for construction or acquisition of the educational facilities to be financed by the issuance of permanent bonds. L.1971, c. 10, s. 9, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.15 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.15 - Certification of annual debt service; conclusiveness of entitlement to benefits of act

18A:58-33.15. Certification of annual debt service; conclusiveness of entitlement to benefits of act  Within 10 days after issuance of any bonds or notes entitled to the benefits of this act, the chief financial officer of the school district or municipality issuing such bonds or notes shall certify to the Commissioner of Education the exact amount payable on account of debt service (interest and principal) on such bonds or notes in each year and the name and address of the paying agent or paying agents for such bonds or notes. The Commissioner of Education shall thereupon verify said amounts and certify the same to the State Treasurer together with the name and address of the paying agent or paying agents for such bonds or notes. The certification by the Commissioner of Education as to amount payable in any year for debt service (principal and interest) on such bonds or notes shall be fully conclusive as to such bonds or notes from and after the time of issuance of such bonds or notes, notwithstanding any irregularity, omission or failure as to compliance with any of the provisions of this act with respect to such bonds or notes, provided that such bonds or notes contain a recital to the effect that they are entitled to the benefits of the provisions of this act, and all persons shall be forever estopped from denying that such bonds or notes are entitled to the benefits of the provisions of this act. L.1971, c. 10, s. 10, eff. Jan. 21, 1971. Amended by L.1971, c. 46, s. 2, eff. March 12, 1971.
NJ Rev Stat § 18A:58-33.16 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.16 - Entitlement of school district to aid under act; additional aid

18A:58-33.16. Entitlement of school district to aid under act; additional aid  Any school district shall be eligible for an entitlement hereunder, and any entitlement may be made hereunder with respect to any school district, notwithstanding that such school district may then be eligible for or shall have heretofore received or shall hereafter receive additional State school building aid or any entitlement with respect thereto under any other act, it being the legislative intent that additional State school building aid hereunder provided shall be independent of, or may be in addition to, any such aid received or to be received as aforesaid. Any school district, with respect to which any determination as to additional State school building aid or any entitlement has been theretofore made pursuant to this act, may make application for further additional State school building aid and for further entitlement, or increase or revision in any such entitlement theretofore made, provided that the aggregate amount of State aid for any school district in any year pursuant to this act shall not exceed the amount specified in section 2 of this act. L.1971, c. 10, s. 11, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.17 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.17 - Authorization for commissioner of education, state board of education and local finance board to consider application for aid; annual review

18A:58-33.17. Authorization for commissioner of education, state board of education and local finance board to consider application for aid; annual review  The Commissioner of Education, the State Board of Education and the Local Finance Board are each hereby authorized and empowered to consider any application of any school district with respect to additional State school building aid under this act in connection with any educational facilities authorized to be undertaken pursuant to Title 18A of the New Jersey Statutes notwithstanding that such facilities were authorized or approved prior to the taking effect of this act. The State board shall, within 1 year from the date on which this act shall become effective and during each succeeding year, review the status of educational facilities of each school district, which is entitled to receive additional state building aid pursuant to this act. Said reviews shall continue annually until such facilities are completed. L.1971, c. 10, s. 12, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.18 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.18 - Payment of moneys on behalf of school districts to paying agent

18A:58-33.18. Payment of moneys on behalf of school districts to paying agent  All amounts of additional State school building aid to be paid under the provisions of this act with respect to any school district for debt service (principal and interest) on bonds or notes entitled to the benefits of this act shall, on or before the date for such payment of interest and principal, be paid on behalf of the school district or municipality issuing such bonds or notes to the paying agent or paying agents for such bonds or notes in amount with respect to such date as reflects the amount of principal or interest, respectively, payable as to such date by reason of such additional State school building aid hereunder payable with respect to such school district. Amounts so paid to such paying agent or paying agents shall be applied to the payment of debt service (principal and interest) on such bonds or notes and for no other purpose. L.1971, c. 10, s. 13, eff. Jan. 21, 1971. Amended by L.1971, c. 46, s. 3, eff. March 12, 1971.
NJ Rev Stat § 18A:58-33.19 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.19 - Annual payments to school districts and municipalities; use

18A:58-33.19. Annual payments to school districts and municipalities; use  As provided in this act, every school district and municipality which shall be entitled thereto, shall receive annually the amount of its additional State school building aid and the State Board of Education shall include such amount thereof in its annual budget for building aid for such school district. Amounts of such building aid paid under this act shall be used for the payment of debt service (interest and principal) on bonds or notes entitled to the benefits of the provisions of this act. L.1971, c. 10, s. 14, eff. Jan. 21, 1971.
NJ Rev Stat § 18A:58-33.20 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.20 - Investment or deposit of proceeds; disposition of income

18A:58-33.20. Investment or deposit of proceeds; disposition of income  Pending application to the purposes for which bonds or notes entitled to the benefits of this act are issued, the proceeds of such bonds or notes shall be invested or deposited subject to regulations prescribed by the State Treasurer. On January 10 in each year the custodian of school moneys of a Type II school district or the chief financial officer of the municipality of a Type I school district, as the case may be, shall certify and pay to the State Treasurer the amount of earnings received during the preceding year from the investment or deposit of the proceeds from the sale of such bonds or notes, which amounts shall be held by him and applied only to the payment of principal and interest on such bonds or notes. L.1971, c. 46, s. 4, eff. March 12, 1971.
NJ Rev Stat § 18A:58-33.21 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.21 - Designation of paying agent

18A:58-33.21. Designation of paying agent  No bonds or notes entitled to the benefits of this act shall be issued unless there is designated therefor a paying agent or paying agents, at least one of which is a bank or trust company authorized to do business in this State. L.1971, c. 46, s. 5, eff. March 12, 1971.
NJ Rev Stat § 18A:58-33.22 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.22 - Short title

18A:58-33.22. Short title  This act may be cited as the "Additional State School Building Aid Act." L.1978, c. 74, s. 1, eff. July 13, 1978.
NJ Rev Stat § 18A:58-33.23 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.23 - Legislative findings

18A:58-33.23. Legislative findings  The Legislature finds: a. That there are many school districts in the State which should immediately renovate or replace aged and deteriorated school buildings and construct new facilities in order to provide suitable educational facilities pursuant to the provisions of N.J.S. 18A:33-1. b. That there is a serious shortage of vocational facilities at the secondary level for handicapped pupils between the ages of 13 and 21 who would benefit from vocational education. c. Additional State building aid is needed to provide financial assistance which would permit local school districts, county special services school districts and county vocational school districts to immediately begin capital projects to meet such needs. d. The New Jersey Commission on Capital Budgeting and Planning has recommended that an Additional State Aid Program be authorized to finance such capital projects. L.1978, c. 74, s. 2, eff. July 13, 1978.
NJ Rev Stat § 18A:58-33.24 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.24 - Additional State school building aid.

18A:58-33.24 Additional State school building aid.  3. Additional State school building aid shall be made available to school districts, county special services school districts and county vocational school districts in accordance with the provisions of this act for the payment of debt service (interest and principal) on bonds and notes (as hereinafter defined) entitled to the benefits of this act, provided that the amount of bonds entitled to the benefits of this act shall not exceed $100,000,000, and provided further that of the total principal amount of the bonds, no more than $80,000,000 shall be allocated to the renovation or replacement of aged and deteriorated school buildings and construction of new facilities in districts with financial need and no more than $40,000,000 shall be allocated to the expansion and establishment of secondary vocational educational facilities to serve students with disabilities between the ages of 13 and 21 who would benefit from vocational education in local school districts, county special services school districts, and county vocational school districts with financial need. The amount of aid payable to any local school district for the renovation or replacement of aged and deteriorated school buildings and construction of new facilities shall not exceed an amount equal to 20 percent of the total aid allocated to this program and in any year such aid shall not exceed an amount equal to $25 per pupil in resident enrollment in such school district on September 30, 1976. The amount of aid payable in any year to any local school district, county special services school districts, or county vocational school district for the expansion and construction of secondary vocational education facilities to serve students with disabilities between the ages of 13 and 21 shall be no more than 75 percent of the total debt service of bonds and notes for secondary vocational education projects constructed under the provisions of this act and shall not exceed an amount equal to the number of pupils with disabilities between the ages of 13 and 21 enrolled in such school district whose vocational education needs were not met due to the lack of suitable facilities prior to any application date for funds under this act, multiplied by a standard per student construction cost, established pursuant to guidelines promulgated by the Commissioner of Education. L.1978, c.74, s.3; amended 2017, c.131, s.55.
NJ Rev Stat § 18A:58-33.26 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.26 - Resolution by state board of education; submission of ordinance or proposal authorizing issuance of bonds by local board; endorsement

18A:58-33.26. Resolution by state board of education; submission of ordinance or proposal authorizing issuance of bonds by local board; endorsement  a. If the State Board of Education shall find that any such school district is not able to provide the suitable educational facilities described hereinabove the State Board of Education shall by resolution determine (1) that such school district is entitled to receive additional State school building aid pursuant to this act, (2) the number of pupils in resident enrollment in such school district on September 30, 1976 for purposes of computation under this act or the number of handicapped pupils between the ages of 13 and 21 whose vocational education needs were not met prior to the enactment of this act, (3) the principal amount of bonds (which amount is hereinafter sometimes referred to as the "entitlement" ) which are to be entitled to the benefits of the provisions of this act, and (4) the maturity schedule for such principal amount of bonds approved by said board. b. At any time within 2 years after the adoption by the State Board of Education of the resolution referred to in subsection a. with respect to a particular school district, said school district may submit to the Commissioner of Education a copy of a proposal or ordinance authorizing the issuance of bonds entitled to the benefits of this act in accordance with said resolution, provided that such ordinance or proposal had not been adopted, approved or become effective prior to January 1, 1978, and to make or provide any and all investigations, determinations, endorsements, certifications, considerations, approvals, restrictions, limitations, consents, resolutions, estimates or approvals, which may be required or provided by this act with respect to any such ordinance or proposal, school district or school district projects or educational facilities, as if such ordinance or proposal had not been adopted, approved or become effective, and any bonds authorized by such ordinance or proposal shall be entitled to all the benefit of this act. If no such proposal or ordinance is submitted within 2 years the said resolution shall be of no further force and effect and the commissioner shall so notify said school district. The Commissioner of Education shall be and is hereby authorized to endorse upon any copy of such proposal or ordinance a certification thereof as being the proposal or ordinance as to which a determination of the State Board of Education has been made as aforesaid, and such indorsement shall be made in such form or manner as said commissioner shall determine. L.1978, c. 74, s. 5, eff. July 13, 1978. Amended by L.1980, c. 33, s. 1, eff. June 3, 1980: L.1980, c. 162, s. 1, eff. Dec. 1, 1980.
NJ Rev Stat § 18A:58-33.27 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:58-33.27 - Additional aid if proration or approval of less than full entitlement

18A:58-33.27. Additional aid if proration or approval of less than full entitlement  If the State Board of Education shall determine that it is necessary and appropriate to prorate or approve less than the full entitlement for all the qualifying school districts, the board, after receiving the recommendation of the commissioner, may provide additional aid up to 10% of the district's full entitlement for districts which submit plans for facilities that provide general community or social services. L.1978, c. 74, s. 6, eff. July 13, 1978.