New Jersey § 18a:8-24
Full text of New Jersey New Jersey Statutes § 18a:8-24, with citation guidance and answers to common questions.
§ 18a:8-24.
The county superintendent in a written report filed by him at the end of the school
year preceding that in which the new district is created shall make a division of
the assets, except school buildings, grounds, furnishings and equipment, and of the
liabilities, other than the bonded indebtedness of the original district, between
the new district and the remaining district on the basis of the amount of the ratables
in the respective districts on which the last school tax was levied, and in determining
the amount of assets to be divided, he shall take into account the present value of
the school books, supplies, fuel, motor vehicles and all personal property other than
furnishings and equipment. In the case of any vehicle used for the transportation of school children, the original
cost of the vehicle, less any state aid appropriated therefor, shall be deemed to
be the present value.
Frequently Asked Questions About New Jersey § 18a:8-24
What does New Jersey Statutes § 18a:8-24 cover?
Section 18a:8-24 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:8-24?
A common citation format is "New Jersey Statutes § 18a:8-24" (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:8-24 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.