New Jersey Statutes 54:49-12.7. Reciprocal debt collection agreement with federal government
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Terms Used In New Jersey Statutes 54:49-12.7
- 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
1. The State Treasurer or the State Treasurer’s designee may enter into a reciprocal collection and offset of indebtedness agreement with the federal government, pursuant to which the State will offset from State tax refunds and from payments otherwise due to vendors and contractors providing goods or services to State departments, agencies or institutions, non-tax debt owed to the federal government; and the federal government will offset from federal payments to vendors, contractors and taxpayers debt owed to the State of New Jersey.
L.2006,c.32,s.1.