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. If the board of education of a school district shall determine by resolution that
the maturity schedule for bonds entitled to the benefits of this act, other than the
maturity schedule approved by the State Board of Education by resolution pursuant
to subsection a. of section 5 of this act, 1 is in the best interest of said school district, it may make application to the State
Board of Education setting forth such belief and the grounds therefor and requesting
approval of a schedule of maturities for such bonds set forth in the application. If the State Board of Education, by resolution, shall find that the schedule of
maturities set forth in the application is in the best interest of the school district
and the State, it shall cause its approval to be endorsed thereon and shall forward
said application to the Local Finance Board. b. Within 60 days after submission to the Local Finance Board of an application in
accordance with subsection a. of section 8 of this act, 2 it 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 mentioned and described in such application
would not materially impair the credit of the county or any municipality comprised
within the school district or substantially reduce their 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. 2
This section.
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.