New Jersey § 18a:22-34

§ 18a:22-34.

The amount so certified shall be assessed, levied and raised in the municipality or

municipalities composing the district, as follows: a. In districts in which such appropriations are not made upon a calendar year basis,

the full amount thereof, if the district consists of but one municipality, or the

portion thereof apportioned to the municipality, if the district is composed of more

than one municipality, shall be so assessed, levied and raised therein; or b. In districts in which the appropriations for the use of the public schools are

made upon a calendar year basis, not less than one half, as determined by the governing

body of the municipality, of the amount so certified, if the district consists of

but one municipality, or not less than one half, as determined by the governing body,

of the portion thereof apportioned to the municipality, if the district is composed

of more than one municipality, shall be so assessed, levied and raised therein, and

in the first year in which such appropriations are made upon said basis, the amount

certified to the municipality for the payment of the interest on any note or bond

of the district, temporary or permanent, and any part of the principal thereof falling

due between July 1 and December 31 of the current school year, or the amount thereof

apportioned to the municipality, also, shall be so assessed, levied and raised, and

in any year, except the first, in which the appropriations are made upon said basis,

the balance, if any, of the sum previously certified to the municipality by the board

of school estimate, or the portion thereof apportioned to the municipality for the

current school year, and the amount required of the municipality for the payment of

the interest upon any note or bond of the district or any part of the principal thereof

falling due in the calendar year, shall be so assessed, levied and raised.