New Jersey § 18a:58-33
Full text of New Jersey New Jersey Statutes § 18a:58-33, with citation guidance and answers to common questions.
§ 18a:58-33.
a. A copy of the resolution of the State Board of Education referred to in subsection
a. of section 5 1 and a copy of the proposal or ordinance referred to in subsection b. of section 5,
bearing the endorsement of the Commissioner of Education as aforesaid, shall be submitted
to the Local Finance Board in the Department of Community Affairs for its consideration,
and the Local Finance Board in considering such copy of proposal or ordinance submitted
to it and before endorsing its consent thereon may require the county, the board of
education of any school district or the governing body of any municipality in such
school district to adopt resolutions restricting or limiting any future proceedings
therein or other matters or things deemed by the Local Finance Board to affect any
estimate made or to be made by it in accordance with subsection b. hereof, and every
such resolution so adopted shall constitute a valid and binding obligation of such
school district, municipality or county, as the case may be, running to and enforceable
by, and releasable by, the Local Finance Board. b. Within 60 days after such submission to it, the Local Finance Board shall cause
its consent to be endorsed upon such copy of any proposal or ordinance authorizing
such bonds, if it shall be satisfied, and shall record by resolution, its estimates
that the amounts to be expended for the education facilities to be financed pursuant
to such proposal or ordinance are not unreasonable or exorbitant, and that issuance
of the bonds, to be authorized by such proposal ordinance, will not materially impair
the credit of the county, any municipality comprised within the 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, but 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:58-33.26.
Frequently Asked Questions About New Jersey § 18a:58-33
What does New Jersey Statutes § 18a:58-33 cover?
Section 18a:58-33 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:58-33?
A common citation format is "New Jersey Statutes § 18a:58-33" (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:58-33 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.