{"data":{"id":"us-nj/n.j.-stat.-18a-22-25","jurisdiction":"us-nj","citation":"N.J. Stat. § 18A:22-25","heading":"Borrowing against appropriation on notes","body":"The board of education may, after July 1 and before January 1, borrow a sum  not exceeding one half of the amount appropriated for the current expenses of  the schools and for the repair of schoolhouses under its control, and execute  and deliver promissory notes therefor, and pay the amount so borrowed together  with interest thereon, at a rate not exceeding 6% per annum.\nL.1967, c.271.","path":["TITLE 18A EDUCATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"e817934ce8018c37c9ba7c114800bf3cdab0153d42830ccc0f6d6c2bc25dda9d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-18a-22-24","next":"us-nj/n.j.-stat.-18a-22-26"},"notice":"GroundRules: Original legal text. Not legal advice."}