{"data":{"id":"us-nj/n.j.-stat.-18a-24-2","jurisdiction":"us-nj","citation":"N.J. Stat. § 18A:24-2","heading":"Borrowing on tuition due from another district","body":"Any board of education may borrow upon its promissory note or notes bearing  interest at not to exceed 6% per annum such sum or sums not exceeding 80% of  the amount due it for tuition from any school district and upon assignment, as  collateral, of the delinquent tuition and the tuition so assigned shall, when  and as received, be applied to the repayment of the amount borrowed, with the  interest, until the same has been fully repaid.\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":"0c95686fa7801035113d6735bb91883e0289c178713c701478df0fc800a98b4c","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-18a-24-1","next":"us-nj/n.j.-stat.-18a-24-3"},"notice":"GroundRules: Original legal text. Not legal advice."}