There Is a Newer Version of the New Jersey Revised Statutes
2009 New Jersey Code
TITLE 30 - INSTITUTIONS AND AGENCIES
Section 30:4D
30:4D-19.4 - Intergovernmental transfer program established
30:4D-19.4. Intergovernmental transfer program established3.There is established an intergovernmental transfer program subject to the provisions of this act.
a.Notwithstanding the provisions of any other law to the contrary, a governmental entity eligible to receive a supplemental payment is authorized to participate in the intergovernmental transfer program and to take all actions necessary to effectuate completion of the intergovernmental transfer program, including, but not limited to:
(1)entering into agreements, including an intergovernmental transfer agreement, with any entity, including the State Treasurer, the Commissioner of Human Services, the Commissioner of Health and Senior Services and other participating governmental entities;
(2)cooperating with a bank in the execution of any additional documentation required by the bank to effect the borrowing by any participating governmental entity through the issuance of short-term notes in the manner prescribed for the issuance of tax anticipation notes pursuant to N.J.S.40A:4-64, except that the short-term notes shall not be subject to the provisions of N.J.S.40A:4-66, or in any other manner permitted by law, and to pledge to the bank a security interest in all of its right, title and interest in and to its participant account for repayment of short-term notes;
(3)transferring participating governmental entity funds to the State account;
(4)executing certifications, letters of instruction or other instruments necessary to effectuate the intergovernmental transfer program; and
(5)receiving and utilizing supplemental payments received in accordance with the Medicaid State plan, in the manner set forth under the terms of an intergovernmental transfer agreement and as may be necessary to achieve the purposes of the intergovernmental transfer agreement.
b.Notwithstanding any other law to the contrary, the State Treasurer, the Commissioner of Human Services and the Commissioner of Health and Senior Services, acting on behalf of the State, are authorized to participate in the intergovernmental transfer program and to take all actions and make payments in connection with the completion of the intergovernmental transfer program, including, but not limited to:
(1)entering into agreements, including the intergovernmental transfer agreement, with any entity, including participating governmental entities, upon such terms and conditions as the State Treasure deems necessary or desirable to allow for the entity's participation in the intergovernmental transfer program;
(2)cooperating with any bank in the execution of any additional documentation required by the bank to transfer supplemental payments to the participant accounts and otherwise effectuate the intergovernmental transfer program; and
(3)executing, approving and authorizing certifications, letters of instruction, legal opinions or other instruments as the State Treasurer deems necessary or desirable to effectuate the intergovernmental transfer program.
L.2000, c.28, s.3.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
