After school bonds have been authorized in accordance with this chapter, the board of education may, within the amount and for the purposes of such authorization, make contracts notwithstanding that the moneys to be raised therefor by the issuance of such bonds, or notes or temporary loan bonds in anticipation thereof, are not in hand.
N.J. Stat. Ann. § 18A:24-55
Contracts made before issuance of bonds
Known as the The School Qualified Bond Act
The act spans §§ 18–18 (116 sections).
L.1967, c.271; amended 1993,c.146,s.3.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.