N.J.S.A. 18A:58-33.7 — Additional aid for payment of debt service on bonds and notes; limitations

18A:58-33.7. Additional aid for payment of debt service on bonds and notes; limitations Additional State school building aid shall be made available to school districts in accordance with the provisions of this act for the payment of debt service (interest and principal) on bonds and notes (as hereinafter defined) entitled to the benefits of this act, provided that the amount of aid payable in any year to any school district shall not exceed an amount equal to $25.00 per pupil in resident enrollment in such school district on September 30, 1969, and provided further that the total principal amount of bonds entitled to the benefits of this act shall not exceed $90,000,000.00. L.1971, c. 10, s. 2, eff. Jan. 21, 1971.

This is the verbatim text of N.J.S.A. 18A:58-33.7, 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.