New Jersey Statutes 5:8-21.1. Legalized Games of Chance Control Commission Fund
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Terms Used In New Jersey Statutes 5:8-21.1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
3. There is created in the Department of the Treasury a special nonlapsing fund, to be known as the Legalized Games of Chance Control Commission Fund. Except as otherwise provided by law, all monies from fees, penalties or fines collected by the Legalized Games of Chance Control Commission pursuant to the “Bingo Licensing Law” (P.L.1954, c.6; C. 5:8-24 et seq.) and the “Raffles Licensing Law” (P.L.1954, c.5; C. 5:8-50 et seq.) on and after the effective date of this section shall be deposited in the fund. The money in the fund shall be administered by the State Treasurer and all interest on monies in the fund shall be credited to the fund. At the end of each fiscal year there shall be appropriated from the fund to the Department of Law and Public Safety, or its successor, such sums as may be necessary for the Legalized Games of Chance Control Commission to implement and enforce the provisions of the “Bingo Licensing Law” and the “Raffles Licensing Law,” as amended and supplemented.
L.1994,c.63,s.3.