State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-24 > 18a-24-50

18A:24-50.  New purpose;  determination by board of school estimate in type  II districts
    The board of education of a type II school district having a board of school  estimate shall, upon certification of such statement, fix a date, place and  time for the holding of a public hearing by the board of school estimate with  respect to the amount of such proceeds to be used for such other purpose or  purposes, which date shall be fixed and notice thereof published and which  hearing by the board of school estimate shall be held in the manner provided in  sections 18A:22-28 and 18A:22-29 with respect to the amount of money to be  raised by the issuance of bonds, and the board of school estimate shall, at or  after said hearing, fix and determine the amount of such proceeds to be used  for such other purpose or purposes and shall certify the same to the board of  education of the district and to the governing body of each municipality  comprised within the district, whereupon such proceeds to the amount so fixed  and determined by the board of school estimate, may be used for such other  purpose or purposes.
 
L.1967, c.271.