{"data":{"id":"us-nj/n.j.-stat.-app.a-4-31.11","jurisdiction":"us-nj","citation":"N.J. Stat. § App.A:4-31.11","heading":"Postponement of payment of moneys due school district from municipality;  budget","body":"Notwithstanding the provisions of the act to which this act is a supplement,  it shall be lawful for the governing body of any municipality in this State  which has refunded its debt in whole or in part under the provisions of the act  to which this act is a supplement to postpone the payment of any sum or sums  due to a school district from the municipality where said sum was due and  payable December thirty-first, one thousand nine hundred and thirty-six, and to  allow payment of any sum or sums due to be spread over a period of not more  than ten years;  provided, the board of education of such school district is  willing to accept payment from the municipality in said yearly installments and  has adopted, or shall adopt, a resolution consenting thereto.  In the event  that the board of education of the school district has adopted, or shall adopt,  such a resolution and the terms of such resolution shall be accepted by  resolution of the governing body, then the sum determined by the board of  education in such resolution to be due shall be included in the budgets of the  municipality for the years and in such amount as shall be set forth in said  resolution, and the total of such amounts shall not be charged against   \"current account-cash\" or considered as a cash liability of the  municipality.\n(L.1939, c. 37, p. 53, s. 1, eff. April 12, 1939.)","path":["TITLE 59 CLAIMS AGAINST PUBLIC ENTITIES"],"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":"98b157765358838cdcea8de901ca33f2de4650ea351db798b91b7b67036a2f23","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-app.a-4-31.10","next":"us-nj/n.j.-stat.-app.a-4-32"},"notice":"GroundRules: Original legal text. Not legal advice."}