reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:24-19 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-19 - School district bonds

18A:24-19. School district bonds  Except as otherwise provided in sections 18A:24-20 to 18A:24-27, no bonds shall be authorized for the purposes of any school district if the principal amount thereof shall, when added to the net school debt of the district exceed the percentage of the average equalized valuation of taxable property in such district as herein provided:  (1) From kindergarten grade (or grade 1) through grade 6................. 2 1/2% (2) From kindergarten grade (or grade 1) through grade 8.... 3 % (3) From kindergarten grade (or grade 1) through grade 9.... 3 1/2% (4) From kindergarten grade (or grade 1) through grade 12... 4% (5) From grade 7 through grade 9.......... 1 1/2% (6) From grade 10 through grade 12.......... 2% (7) From grade 9 through grade 12 .......... 3% (8) From grade 7 through grade 12 .......... 3 1/2% Each school district prior to the issuance of bonds shall secure from the State Commissioner of Education a certificate of the grade levels of instruction provided or to be provided by said school district.  Provided, however, that except as otherwise provided in sections 18A:24-20 to 18A:24-27, bonds may be authorized for the purposes of a school district in a city of the first class if the principal amount thereof shall, when added to the net school debt of the district, not exceed 8% of the average equalized valuation of taxable property in such district.  Further provided, that except as otherwise provided in sections 18A:24-20 to 18A:24-27, bonds may be authorized for the purposes of a school district in a city of the second class with a population in excess of 80,000, according to the latest federal decennial census if the principal amount thereof shall, when added to the net school debt of the district, not exceed 6% of the average equalized valuation of taxable property in such district.  L.1967, c.271; amended by L.1968, c. 379, s. 1, eff. Dec. 27, 1968; L.1969, c. 259, s. 1, eff. Jan. 7, 1970; L.1971, c. 322, s. 1, eff. Oct. 28, 1971; L.1981, c. 462, s. 16.
NJ Rev Stat § 18A:24-20 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-20 - Authorization of bonds in excess of limits prescribed in section 18A:24-19; exception of type I districts

18A:24-20. Authorization of bonds in excess of limits prescribed in section 18A:24-19; exception of type I districts  School bonds may be authorized and issued in the manner prescribed in section 18A:24-21, notwithstanding the provisions of section 18A:24-19, by, or for the purposes of, any district other than a regional district, within the limitations and upon compliance with the provisions of this article to the extent that the percentage of net debt as stated in a supplemental debt statement required to be filed as to such authorization, and prior thereto, shall not exceed 3 1/2 %. L.1967, c.271; amended by L.1968, c. 163, s. 2, eff. July 16, 1968; L.1968, c. 295, s. 9, eff. Sept. 9, 1968.
NJ Rev Stat § 18A:24-21 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-21 - Manner of authorization of bonds in excess of certain limitations

18A:24-21. Manner of authorization of bonds in excess of certain limitations  Such bonds shall be authorized and may be issued: a. for the purposes of a type I district, when-- (1) an ordinance authorizing the issuance of said bonds which shall conform with the provisions of section 18A:24-22, shall be adopted by the recorded roll call affirmative vote of two thirds of the full membership of the governing body of the municipality comprised within the district; or (2) such ordinance shall be adopted by a recorded roll call affirmative majority vote of the full membership, of such governing body, of less than a two-thirds affirmative vote of such full membership and subsequently a proposition confirming said ordinance is adopted by the legally qualified voters of the municipality upon its submission to them, for their approval or rejection in the form prescribed in section 18A:24-22 at a municipal or general election or at a special election held for the purpose pursuant to section 18A:24-29; or b. by a type II district, when a proposal authorizing the issuance of said bonds which conforms with the provisions of section 18A:24-22, shall be adopted by resolution of the board of education of the district, and shall be approved by the legally qualified voters of the district, upon its submission to them for their approval or rejection in the form conforming with the provisions of section 18A:24-22, at a regular school election or a special election held for the purpose. L.1967, c.271.
NJ Rev Stat § 18A:24-22 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-22 - Form of ordinance, proposition for confirmation of ordinance or proposal for issuance of bonds under sections 18A:24-20 and 18A:24-21

18A:24-22. Form of ordinance, proposition for confirmation of ordinance or proposal for issuance of bonds under sections 18A:24-20 and 18A:24-21  Every ordinance, and every proposition confirming an ordinance, and every proposal, authorizing the issuance of bonds under sections 18A:24-20 and 18A:24-21 shall after stating any matters or things authorized or required by law, disclose the effect of such proposal, ordinance or resolution on the borrowing margin of every municipality comprised within the district and such disclosure shall show the amount of such borrowing margin before adoption of the proposal, ordinance or resolution and the amount thereof which would be used up by such final adoption and shall be sufficient if in substantially the following form with appropriate figures inserted: a. In the case of an ordinance-- The authorization of the $ (insert amount of bonds to be issued) bonds provided for by this ordinance uses up $ (insert amount of borrowing margin to be used) of the $ (insert amount of borrowing margin before adoption of ordinance) borrowing margin of the (insert name of municipality) previously available for other improvements; b. In the case of a proposition confirming an ordinance-- Shall the ordinance of the (insert name of municipality) adopted on (insert date of adoption) authorizing the issuance of $ (insert amount of bonds to be issued) bonds for school purposes and using up $ (insert amount of borrowing margin to be used) of the $ (insert amount of borrowing margin before adoption of ordinance) borrowing margin of the (insert name of municipality) previously available for other improvements be approved; c. In the case of a resolution-- Resolved that the board of education does hereby determine, subject to the approval of the legal voters of the district: To * * *; and To issue bonds of the school district for said purpose (or purposes) in the principal amount of $ (insert amount of bonds to be issued), thus using up $ (insert amount of borrowing margin to be used) of the $ (insert amount of borrowing margin before adoption of resolution) borrowing margin of the (insert name of municipality) previously available for other improvements, and (if there be other municipality or municipalities comprised within such school district) $ (insert amount of borrowing margin to be used) of the $ (insert amount of borrowing margin before adoption of proposal) borrowing margin of the (insert name of municipality), et cetera, et cetera. L.1967, c.271.
NJ Rev Stat § 18A:24-23 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-23 - Authorization of bonds in excess of limitations prescribed by section 18A:24-19

18A:24-23. Authorization of bonds in excess of limitations prescribed by section 18A:24-19  School bonds may be authorized and issued notwithstanding the provisions of section 18A:24-19: a. For the purposes of a Type I district, when an ordinance, authorizing the issuance of such bonds and conforming with the provisions of section 18A:24-24, has been finally adopted by the governing body of the municipality comprised within the district, by the recorded affirmative vote of a majority of all the members thereof, upon a copy of which there shall have been endorsed, prior to such adoption, the consents of the commissioner and the local finance board, provided for in sections 18A:24-25, 18A:24-26 and 18A:24-27, and by the adoption subsequently of a proposition confirming such ordinance, conforming with the provisions of section 18A:24-24, by the qualified voters of such municipality by a majority of the legal votes cast thereon upon its submission to them for their approval or rejection; or b. By a Type II district, when a proposal authorizing the board of education to issue such bonds has been adopted by resolution by the board of education of the district and such proposal has been adopted by the legal voters of the district by a majority of the legal votes cast thereon upon its submission to them for their approval or rejection after there has been endorsed upon a copy thereof the consents of the commissioner and the local finance board, as provided in sections 18A:24-25, 18A:24-26 and 18A:24-27. L.1967, c.271; amended by L.1968, c. 295, s. 10, eff. Sept. 9, 1968.
NJ Rev Stat § 18A:24-25 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-25 - Submission to commissioner and local finance board; limiting conditions

18A:24-25. Submission to commissioner and local finance board; limiting conditions  A copy of any ordinance or proposal authorizing the issuance of any school bonds under section 18A:24-23 shall be submitted to the commissioner and the local finance board, for their consideration, and the commissioner or the local finance board, in considering the copy of any ordinance or proposal submitted to them as required by section 18A:24-23, and before endorsing his or their consent thereon, may require the governing body, or the board of education, submitting such copy to adopt resolutions restricting or limiting any future proceedings therein or other matters or things deemed by the commissioner or local finance board to affect any estimate made or to be made by him or them in accordance with sections 18A:24-26 and 18A:24-27, and every such resolution so adopted shall constitute a valid and binding obligation of the municipality or the school district, as the case may be, running to and enforceable and releasable by the commissioner or the local finance board, as the case may be. L.1967, c.271.
NJ Rev Stat § 18A:24-26 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-26 - Approval or disapproval by commissioner

18A:24-26. Approval or disapproval by commissioner  Within 60 days after such submission to him, the commissioner shall endorse his consent upon such copy, if he shall be satisfied, and shall record in writing his estimates, that existing educational facilities in the district are, or within five years will be, less than 80% adequate, that the new educational facilities to be financed pursuant to such ordinance or proposal are, or within 10 years will be, fully utilized and that under existing statutes there is no more economical alternative method of providing such new educational facilities, but if the commissioner is not so satisfied he shall endorse his disapproval on such copy within said period of 60 days. L.1967, c.271.
NJ Rev Stat § 18A:24-27 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-27 - Approval or disapproval by local finance board

18A:24-27. Approval or disapproval by local finance board  Within 60 days after such submission to it, the local finance board shall cause its consent to be endorsed upon such copy, if it shall be satisfied, and shall record by resolution, its estimates that the amounts to be expended for the new educational facilities to be financed pursuant to such ordinance or proposal are not unreasonable or exorbitant, and that issuance of the bonds, proposed to be authorized by such ordinance or proposal, 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 and that said issue of bonds cannot lawfully be authorized in compliance with the provisions of sections 18A:24-19 and 18A:24-21, and that, taking into consideration trends in population, in value and uses of property, and in needs for educational facilities, the net school debt of such district will, at some date within 20 years, as stated in the supplemental debt statements which might be filed on such date, be less than the percentage of equalized valuation of taxable property in such district as provided in section 18A:24-19, 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.1967, c.271.
NJ Rev Stat § 18A:24-27.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-27.1 - Authorization to commissioner to certify required grade levels of instruction

18A:24-27.1. Authorization to commissioner to certify required grade levels of instruction  For any purpose under the provisions of this title, or of the local bond law, the commissioner is authorized and empowered to certify, or to cause to be certified, the grade level of instruction then being provided, or to be thereafter provided, by the school facilities of any school district, or the amount of bonds authorized or issued, or to be authorized or issued, by any school district for the purpose of providing school facilities to provide any higher grade level of instruction than being provided by such school district. L.1967, c.271.
NJ Rev Stat § 18A:24-28 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-28 - Charter limitations on indebtedness inapplicable

18A:24-28. Charter limitations on indebtedness inapplicable  If the charter of any municipality shall limit the amount of indebtedness in such municipality, or by its terms prevent the carrying out of the provisions of this chapter, the charter provisions shall be held not to apply to the issuing of bonds under the provisions of this chapter. L.1967, c.271.
NJ Rev Stat § 18A:24-28.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-28.1 - Certain bonds, etc., issued to June 22, 1964 saved

18A:24-28.1. Certain bonds, etc., issued to June 22, 1964 saved  P.L.1964, c. 73, s. 8 (C. 18:5-84.2) is saved from repeal. [This section provides that any proceedings for the authorization of bonds by any school district initiated prior to June 22, 1964 by: (a) adoption of a resolution of the board of education of a school district calling a special school district election; or (b) endorsement of a bonding proposal by the commissioner; or (c) passage on first reading of an ordinance of any municipality authorizing bonds for school purposes pursuant to section 18:6-61 of the Revised Statutes; may in each instance proceed to the completion of the authorization of such bonds in accordance with the provisions of Title 18, Education, of the Revised Statutes, as if chapter 73 of the Laws of 1964 had not taken effect and any such bonds, promissory notes or temporary loan bonds issued in anticipation of such bonds so authorized prior to said date shall be valid and in full effect.] L.1967, c.271.
NJ Rev Stat § 18A:24-29 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-29 - Issuance of bonds; ordinance, submission to voters

18A:24-29. Issuance of bonds; ordinance, submission to voters  18A:24-29. A proposal for the confirmation of any ordinance, required by this article to be approved by the qualified voters of the municipality comprised within a district, shall be submitted to such voters at a general, special or municipal election to be held therein, whenever the governing body of the municipality shall have, by resolution or ordinance, directed that the same be so submitted and, in the case of a special election, specified the day, which shall be not less than 41 days after the passage of such ordinance, and the time thereof, the place or places thereof and the polling districts therefor by reference to the general election districts established and used in the municipality, and the hours (which need include only four consecutive hours) during which the polls at such election shall be open. It shall be the duty of the clerk of the municipality to give notice of any such election, setting forth the proposition to be submitted and the day and time and place or places thereof and the polling districts therefor and the hours during which the polls at such election will be open. At least seven days before the date thereof, the clerk shall post not less than seven copies of such notice, one on each schoolhouse within the municipality and the others at such other public places in the municipality as he may select, and shall publish said notice in a newspaper published in the municipality if there be one or, if there be no such newspaper, in a newspaper published in the county and circulating in the municipality. No other or different notice of said election shall be required to be posted, published, delivered or otherwise given in any manner, except those required to be given by R.S.19:12-7 . Such election shall be held and the result of the balloting on such question ascertained and determined in accordance with the provisions of Title 19, Elections, of the Revised Statutes, which are not inconsistent with this section and are applicable to the holding in such municipality of a general, special or municipal election, as the case may be, but any notice or demand therein required to be given to or made upon any person or body for the performance of an official duty with regard to such election shall be sufficient, if given or made at least 10 days before the date of such election, except as otherwise required by this section.  L.1967, c.271; amended 1995,c.278,s.44.
NJ Rev Stat § 18A:24-30 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-30 - Transmission of certified copy of bond proposal

18A:24-30. Transmission of certified copy of bond proposal  18A:24-30. Whenever bonds are authorized to be issued by a type II school district under this chapter, the secretary of the board of education of the district shall transmit to the commissioner a certified copy of the bond proposal adopted by resolution of the board of education and approved by a majority of the legally qualified voters of the district voting on the proposal at an annual or special school election.  L.1967, c.271; amended 1993,c.146,s.2.
NJ Rev Stat § 18A:24-31 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-31 - Form; type I districts

18A:24-31. Form; type I districts  All bonds of a type I school district, issued in accordance with this chapter, shall be designated "school bonds" and shall be in either registered or coupon form, or both, and of such denomination as the governing body of the municipality, comprising the district, shall determine, and such bonds, within the limitations and provisions of this chapter, shall mature and be payable in such years and amounts as said governing body shall determine in the ordinance authorizing issuance of the bonds or by subsequent resolution. L.1967, c.271.
NJ Rev Stat § 18A:24-32 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-32 - Form and execution; type II districts

18A:24-32. Form and execution; type II districts  All obligations of a type II school district, issued in accordance with this chapter, shall be issued in the corporate name of the district and shall be executed by the manual or facsimile signature of the president or vice president of the board of education of the district and attested by the manual signature of the secretary or assistant secretary thereof and shall bear the seal of the district affixed, imprinted, or reproduced thereon, and any bonds so issued shall be numbered and a proper registry thereof shall be kept by said secretary and if such bonds are in coupon form they shall have coupons attached for current payment of interest which shall be authenticated by the manual or facsimile signature of the secretary or assistant secretary and numbered to correspond to the several bonds to which they are severally attached. L.1967, c.271; amended by L.1977, c. 180, s. 1, eff. Aug. 18, 1977.
NJ Rev Stat § 18A:24-33 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-33 - Coupon and registered bonds; conversion, etc.

18A:24-33. Coupon and registered bonds; conversion, etc.  Bonds, other than temporary loan bonds, of a type II school district, issued in accordance with this chapter, may be in either registered or coupon form and if in coupon form may contain provision for registration as to principal only or provision for registration as to both principal and interest, or may contain both such provisions and bonds issued in fully registered form may contain provision for conversion into bonds in coupon form, and bonds issued in coupon form, with provision for registration as to both principal and interest, may contain provision for reconversion when fully registered into coupon form, at the request and expense of the registered owner or his duly authorized attorney or legal representative. L.1967, c.271.
NJ Rev Stat § 18A:24-35 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-35 - Type I districts

18A:24-35. Type I districts  Bonds of a type I school district, authorized and issued in accordance with this chapter, shall be sold in the same manner as other municipal bonds are sold, as provided in chapter 2 of Title 40A, Municipalities and Counties, of the New Jersey Statutes. L.1967, c.271.
NJ Rev Stat § 18A:24-37 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:24-37 - Notice of sale of bonds.

18A:24-37 Notice of sale of bonds.  18A:24-37. a. The notice of sale of Type II school district bonds required to be advertised pursuant to N.J.S.18A:24-36 shall describe the bonds and set forth in substance the postponement provisions and the other terms and conditions of sale, including the type of sale to be conducted, through the submission of either sealed or electronic bids or proposals, the principal amount, date, denomination and maturities, and authorization for adjustments to the maturities pursuant to subsection d. of N.J.S.18A:24-36 of the bonds offered for sale and such other provisions as may be determined by the Type II school district. As to interest to be borne by the bonds, it shall specify a rate or rates or maximum rate, and the method of calculation of interest cost pursuant to subsection b. of N.J.S.18A:24-39, which rate or the maximum rate shall in no event exceed 6% per annum. If proposals are invited at more than one interest rate, the notice shall also state that no proposals will be considered for bonds of a rate higher than the lowest rate at which a legally acceptable proposal is received. b. A summary of the notice of public sale of Type II school district bonds required to be advertised pursuant to N.J.S. 18A:24-36 shall set forth: the principal amount, date, denomination and maturities of the bonds offered for sale; the rate or rates of interest or maximum rate or rates of interest to be borne by the bonds; a reference to where additional terms and conditions of the public sale may be obtained; and the type of sale to be conducted, through the submission of either sealed or electronic bids or proposals. L.1967, c.271; amended 1992, c.178, s.2; 2003, c.264, s.3.