New Jersey § 18a:24-19
Full text of New Jersey New Jersey Statutes § 18a:24-19, with citation guidance and answers to common questions.
§ 18a:24-19.
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: 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.
Frequently Asked Questions About New Jersey § 18a:24-19
What does New Jersey Statutes § 18a:24-19 cover?
Section 18a:24-19 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:24-19?
A common citation format is "New Jersey Statutes § 18a:24-19" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:24-19 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.