The sum appropriated for the expenses incurred in the administration of the lands so dedicated to the support of public schools shall be first deducted by the director of the division of budget and accounting in the department of the treasury from moneys derived from the sales, grants, leases, and rentals of such lands.
N.J. Stat. Ann. § 18A:56-7
Deducting expenses of administering lands under water
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.