3. A school district may increase the amount of undesignated general fund balance for the budget year authorized pursuant to section 7 of P.L.1996, c.138 (C.18A:7F-7) by the amount of any revenue received by the district under a contract entered into pursuant to section 1 of P.L.2010, c.121 (C.18A:39-31).
N.J. Stat. Ann. § 18A:7F-7.1
Increase in certain fund balance by school district
Known as the School Funding Reform Act
The act spans §§ 18A:7F-24 to 18A:7F-9 (58 sections).
L.2010, c.121, 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.