18A:56-6. Leases of lands under water; principal or income
50 words·~1 min read·
/nj/title-18a/chapter-56/18a-56-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All leases of lands so dedicated to the support of public schools shall be held by the board of trustees as a part of the principal of the school fund, and the income arising from such leases shall be a part of the income of the school fund.
L.1967, c.271.