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Current as of January 01, 2024 | Updated by Findlaw Staff
When a board of education of a type I district shall determine by resolution that it is necessary to raise in any school year funds additional to those set forth in its annual budget for such year for:
(1) current expenses or repair or furnishing of buildings made necessary because the amount requisite therefor was underestimated in the budget; or
(2) repair or utilization of property destroyed or made unusable by accident or other unforeseen cause; or
(3) meeting emergencies arising since the making of such budget;
the board shall prepare and deliver to each member of the board of school estimate a statement of the amount of money determined to be necessary therefor.
Cite this article: FindLaw.com - New Jersey Statutes Title 18A. Education 18A § 22-21 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-18a-education/nj-st-sect-18a-22-21/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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