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LOCAL FUNDS
The expenditures of this district shall be planned in order to coordinate the cash requirements of the municipalities with those of the school system to avoid the need for borrowing by the municipalities. The schedule of tax receipt payments to be required by the Business Administrator/Board Secretary shall be subject to approval of the Board of Education by motion at the annual reorganization meeting. Date: April 14, 1986 November 19, 2001 First Reading Legal References: N.J.S.A. 18a:17-34 Receipt and disposition of moneys N.J.S.A. 18a:22-45 Un-appropriated moneys transferred from municipalities N.J.S.A. 54:4-75 Payment by municipality of school moneys Key Words Local Funds |
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