New Jersey § 18a:24-37
Full text of New Jersey New Jersey Statutes § 18a:24-37, with citation guidance and answers to common questions.
§ 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 .
Frequently Asked Questions About New Jersey § 18a:24-37
What does New Jersey Statutes § 18a:24-37 cover?
Section 18a:24-37 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:24-37?
A common citation format is "New Jersey Statutes § 18a:24-37" (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:24-37 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.