18A:58-33.37. Annual payments to school districts and municipalities; use
93 words·~1 min read·
/nj/title-18a/chapter-58/18a-58-33-37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.1978, c. 74, s. 16, eff. July 13, 1978.