New Jersey § 18a:56-18
Full text of New Jersey New Jersey Statutes § 18a:56-18, with citation guidance and answers to common questions.
§ 18a:56-18.
The Legislature finds and declares that: a. It has the authority pursuant to Article VIII, Section IV, paragraph 2 of the State Constitution to secure the payment of principal of and interest on bonds issued for school purposes
by counties, municipalities or school districts by means of a pledge of a portion
of the assets of the fund for the support of free public schools created by that paragraph
of the Constitution; b. It wishes to exercise its authority under that paragraph in the manner specified
in this act to provide a source of funds to act as a reserve for the prompt payment
of principal of and interest on bonds issued for school purposes, in the event of
the inability of the issuer to make payment, out of that portion of the resources
of the fund for the support of free public schools hereinafter pledged for that purpose.
Frequently Asked Questions About New Jersey § 18a:56-18
What does New Jersey Statutes § 18a:56-18 cover?
Section 18a:56-18 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:56-18?
A common citation format is "New Jersey Statutes § 18a:56-18" (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:56-18 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.