New Jersey § 18a:24-87
Full text of New Jersey New Jersey Statutes § 18a:24-87, with citation guidance and answers to common questions.
§ 18a:24-87.
For the purposes of this act, unless the context clearly requires a different meaning: a. “ Commissioner ” means the Commissioner of Education of the State of New Jersey; b. “ Debt service ” means and includes payments of principal and interest upon qualified bonds issued
pursuant to the terms of this act or amounts required in order to satisfy sinking
fund payment requirements with respect to such bonds; c. “ Local Finance Board ” means the Local Finance Board in the Division of Local Government Services in the
Department of Community Affairs, established pursuant to P.L.1974, c. 35 ( C.52:27D-18.1 ); d. “ Paying agent ” means any bank, trust company or national banking association having the power to
accept and administer trusts, named or designated in any qualified bond of a school
district or municipality as the agent for the payment of the principal of and interest
thereon and shall include the holder of any sinking fund established for the payment
of such bonds; e. “ Qualified bonds ” means those bonds of a school district or municipality authorized and issued in
conformity with the provisions of this act; f. “ State board ” means the State Board of Education of the State of New Jersey; g. “ School district ” means a Type I, Type II, regional, or consolidated school district as defined in
Title 18A of the New Jersey Statutes; h. “ State school aid ” means the funds made available to local school districts pursuant to section 11 of P.L.2007, c. 260 ( C.18A:7F-53 ) .
Frequently Asked Questions About New Jersey § 18a:24-87
What does New Jersey Statutes § 18a:24-87 cover?
Section 18a:24-87 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:24-87?
A common citation format is "New Jersey Statutes § 18a:24-87" (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:24-87 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.