New Jersey § 18a:24-90
Full text of New Jersey New Jersey Statutes § 18a:24-90, with citation guidance and answers to common questions.
§ 18a:24-90.
If the board of education of a school district or governing body of a municipality
shall determine by resolution that a maturity schedule for its qualified bonds, other
than the maturity schedule approved by the local finance board pursuant to section
4 1 is in the best interest of said school district, it may make application to the local
finance board setting forth such belief and the grounds therefor and requesting approval
of a schedule of maturities for such qualified bonds set forth in the application. Within 60 days after submission to the local finance board of an application, the
local finance board shall cause its approval to be endorsed thereon if it shall be
satisfied, and shall record by resolution its findings, that the belief set forth
in such application is well founded and that issuance of the bonds pursuant to the
revised maturity schedule in such application would not materially impair the credit
of any municipality comprised within the school district or substantially reduce its
ability, during the ensuing 10 years, to pay punctually the principal and interest
of its debts and supply essential public improvements and services. If the local finance board is not so satisfied, it shall cause its disapproval to
be endorsed on such copy within said period of 60 days. 1
N.J.S.A. § 18A:24-89.
Frequently Asked Questions About New Jersey § 18a:24-90
What does New Jersey Statutes § 18a:24-90 cover?
Section 18a:24-90 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:24-90?
A common citation format is "New Jersey Statutes § 18a:24-90" (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:24-90 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.