New Jersey § 18a:51-8

§ 18a:51-8.

On or before September 30 of each year the commission shall prepare a tentative budget

of the sums required by said commission in carrying on its activities for the ensuing

year so itemized as to make it readily understandable, together with a statement of

the amount to be assessed against each participating school district for such year,

and shall deliver the same to the board of education of each of the participating

school districts before the date of the October meeting of such board. The board of education of each participating school district shall consider such

tentative budget at its October meeting and shall return the same forthwith to the

commission with its endorsement or suggestions for change, if any, and after all such

boards of education shall have so returned the same, the commission shall adopt its

budget for the ensuing year and notify the board of education of each participating

school district, on or before the November meeting thereof if practicable and otherwise

as soon thereafter as possible, of the total amount of the budget and the amount to

be assessed against such school district for said year and each such board of education

shall include the amount so assessed against it in the item “current expenses of schools”

in the budget adopted or submitted for adoption by it for the ensuing year and the

same shall be paid to the custodian of moneys of the commission as required and requisitioned

by him. If during the first year of the establishment of any such commission it shall be

impossible to carry out the budgetary provisions hereinbefore provided, the commission

shall certify to the boards of education of the participating school districts the

amounts of said assessments as soon as practicable after the establishment of the

commission and said boards of education shall pay said assessments from available

current expense funds.