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Current as of January 01, 2024 | Updated by Findlaw Staff
There is created a revolving fund in the General Treasury, to be administered by the Secretary of State, to be the depository of all fees received by the Department of State pursuant to N.J.S.12A:9-525; N.J.S.14A:15-2 and N.J.S.14A:15-3; N.J.S.15A:15-1 and N.J.S.15A:15-2; section 11 of P.L.1987, c. 435 (C.22A:4-1a); section 65 of P.L.1983, c. 489 (C.42:2A-68); R.S.48:3-38; section 2 of P.L.1979, c. 460 (C.52:7-11); R.S.52:16-10; sections 3 through 6 of P.L.1966, c. 263 (C.56:3-13.3 through C.56:3-13.6); and section 5 of P.L.1971, c. 171 (C.56:3-13.7a). The fund is to be known as the “Secretary of State Fund.” The moneys deposited in the fund are dedicated and pledged solely for the purposes contained in this 1987 amendatory and supplementary act and shall be in addition to any moneys appropriated by the Legislature to the department for the purposes specified in section 19 of this act. When the Administrator of the Office of Telecommunications and Information Systems certifies to the Governor and State Treasurer that the design, construction, purchase and implementation of an automated information system within the Division of Commercial Recording in the Department of State is completed, the Secretary of State Fund shall be terminated and all fees received by the Department of State shall be deposited in the General Fund.
Cite this article: FindLaw.com - New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 16-10.1 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-52-state-government-departments-and-officers/nj-st-sect-52-16-10-1/
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