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.
As provided in this act, every school district shall be entitled to receive annually
the amount of the additional State school building aid (the allocation) determined
in the resolutions of the State Board of Education and the State Board of Education
shall include such amount in its annual budget for building aid for the school district. Amounts of such building aid paid under this act shall be used only for the payment
of debt service (interest and principal) on bonds entitled to the benefits of the
provisions of this act, in accordance with said resolution, except to the extent otherwise
provided in this act with respect to obligations issued in anticipation of such bonds;
provided, (a) that no proposal authorizing such bonds was approved prior to January
1, 1968 either by the voters or the board of school estimate, and no permanent bonds
were issued thereunder prior to January 13, 1970, and (b) that the total principal
amount of bonds entitled to the benefits of the provisions of this act in accordance
with resolutions adopted by the State Board of Education pursuant to the provisions
of this act, and for the payment of the debt service (interest and principal) as to
which bonds additional school building aid may be paid pursuant to this act, shall
not exceed $90,000,000.00.
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.