N.J. Admin. Code § 17:48-1.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:48-1.5 - Annual certified non-tax debt inventory report and report to the Governor and Legislature

(a) The chief administrative officer of each agency, or their designee, must submit a certified report of the agency's non-tax debt inventory within 45 days following the conclusion of each fiscal year, in a format provided by the Division. At a minimum, the report shall include:

1. Total debt owed to the department or agency;

2. Debt owed but not collected within 90 days of recording of the delinquency;

3. The amount of that delinquent debt not transferred to the Division; and

4. The amount of the debt determined to be owed to the department or agency during the last 90 days of the fiscal year.

(b) Within 90 days following the conclusion of each fiscal year, the Division shall submit to the Governor and the Legislature a cumulative report. The report must include amounts paid to the State, as well as any other information required at N.J.S.A. 52:18-41. In the report, the Division shall also indicate which agencies, if any, have failed to comply with requirements of this chapter and N.J.S.A. 52:18-40.

N.J. Admin. Code § 17:48-1.5

Adopted by 56 N.J.R. 609(a) effective 4/15/2024