New Jersey § 30:4d-19

§ 30:4d-19.

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 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 , 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 Treasurer 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.