State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-8 > 18a-8-3-1

18A:8-3.1.  Assumption of indebtedness for money or property upon annexation
    When a municipality or a part thereof is annexed to another municipality and  there is within the limits of the municipality or part thereof which is annexed, a schoolhouse or property formerly belonging to the board of education  of the school district situated in such municipality, any indebtedness of such  board of education for the erection, purchase, furnishing or repair of such  schoolhouse or property shall be assumed by and become the obligation of the  board of education of the school district of the annexing municipality.
 
L.1967, c.271.