All leases of lands so dedicated to the support of public schools shall be held by the board of trustees as a part of the principal of the school fund, and the income arising from such leases shall be a part of the income of the school fund.
N.J. Stat. Ann. § 18A:56-6
Leases of lands under water; principal or income
Known as the New Jersey School Bond Reserve Act
The act spans §§ 18–18 (21 sections).
L.1967, c.271.
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.