New Jersey § 18a:24-94
Full text of New Jersey New Jersey Statutes § 18a:24-94, with citation guidance and answers to common questions.
§ 18a:24-94.
Nothing contained in this act shall be construed to relieve any school district or
municipality of the obligation imposed on it by law to include in its annual budget
amounts necessary to pay, in each year, the principal and interest maturing and becoming
due on any qualified bonds issued by such school district or municipality; provided,
however, that to the extent of the amounts withheld from State school aid payable
to such school district or municipality and forwarded to the paying agent for such
qualified bonds pursuant to section 8, 1 such budgeted amounts, to the extent not needed to pay debt service on such qualified
bonds, shall be applied to the payment of the operating expenses of such school district
or municipality for such year; and provided, further, that in any year in which State
school aid is not appropriated, such budgeted amounts shall be used to pay the debt
service maturing and becoming due in such year on such qualified bonds of the school
district or municipality. 1
N.J.S.A. § 18A:24-93.
Frequently Asked Questions About New Jersey § 18a:24-94
What does New Jersey Statutes § 18a:24-94 cover?
Section 18a:24-94 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:24-94?
A common citation format is "New Jersey Statutes § 18a:24-94" (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:24-94 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.