New Jersey § 18a:8-7
Full text of New Jersey New Jersey Statutes § 18a:8-7, with citation guidance and answers to common questions.
§ 18a:8-7.
The amount of indebtedness so to be assumed shall be calculated on the basis of the
proportion which the original cost of the buildings, grounds, furnishings, equipment,
and additions thereto, situate in the proposed new district, bears to the original
cost of the buildings, grounds, furnishings, equipment and additions thereto, situated
in the original district. Said original cost shall be determined according to rules prescribed by the commissioner
with the approval of the state board and in accordance with recognized accounting
practices.
Frequently Asked Questions About New Jersey § 18a:8-7
What does New Jersey Statutes § 18a:8-7 cover?
Section 18a:8-7 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:8-7?
A common citation format is "New Jersey Statutes § 18a:8-7" (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:8-7 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.