72-7103. Effective dates of school territory transfers; various purposes.
72-7103
72-7103. Effective dates of school territory transfers; variouspurposes.All transfers of school territory shall be effective on the June 1following the date of such transfer, except as otherwise provided by thisact. (a) The territory transferred and the taxable tangible propertytherein shall be subject to taxes levied, except for bonds and otherindebtedness incurred theretofore, by the receiving district as of the lastday of December of the year preceding such first day of June, and (b) forelection purposes the transfer of school territory shall be effective onthe date specified in the transfer order of the state board of education.
History: L. 1967, ch. 368, § 3; L. 1968, ch. 126, § 1; March 23.