New Jersey § 18a:24-8
Full text of New Jersey New Jersey Statutes § 18a:24-8, with citation guidance and answers to common questions.
§ 18a:24-8.
If the local finance board, after consultation with the commissioner, shall be satisfied
and shall find by resolution that the issuance of bonds described in such application
at the maturities prescribed by law would, and that the issuance thereof at the maturities
described in such schedule will not, materially impair the credit of the municipality
or school district or substantially reduce its ability during the ensuing 10 years
to pay punctually the principal and interest of its debts and to supply essential
public improvements and services, said board shall, within 60 days after the receipt
of the application, cause its approval to be endorsed upon said application; otherwise,
it shall cause its disapproval to be endorsed thereon.
Frequently Asked Questions About New Jersey § 18a:24-8
What does New Jersey Statutes § 18a:24-8 cover?
Section 18a:24-8 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:24-8?
A common citation format is "New Jersey Statutes § 18a:24-8" (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:24-8 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.