N.J.S.A. 18A:24-6

Bonds payable in installments

18A:24-6. Bonds payable in installments All bonds issued under this chapter shall be payable in annual installments commencing not more than two years from their date, and no installment shall be more than 100% in excess of the amount of the smallest prior installment. L.1967, c.271; amended by L.1983, c. 458, s. 1, eff. Jan. 12, 1984.

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This is the verbatim text of N.J.S.A. 18A:24-6, 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.