N.J.S.A. 18A:24-54 — Transfer of remaining unapplied balance

18A:24-54. Transfer of remaining unapplied balance 18A:24-54. If all or any part of the proceeds of any bonds authorized and issued under this chapter for any school district are not applied to or necessary for the purpose or purposes for which the bonds were issued or for any other purpose or purposes authorized pursuant to this article, the board of education of the district may transfer the balance remaining unapplied to the general fund or the debt service fund of the district. L.1967, c.271; amended 1993,c.83,s.17.

This is the verbatim text of N.J.S.A. 18A:24-54, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.