New Jersey § 52:18-40
Full text of New Jersey New Jersey Statutes § 52:18-40, with citation guidance and answers to common questions.
§ 52:18-40.
a. The Department of the Treasury shall promulgate regulations and procedures to effectively
manage the collection of debt. The regulations and procedures shall include: the designation of the Division of
Revenue in the Department of the Treasury as State government's centralized debt management
agency; and a requirement that a State agency in the executive branch that is unable,
within 90 days of the recording of the delinquency, to collect such a debt owed to
the agency, shall transfer the delinquent account no later than at the end of the
91st day following the recording of the debt to the Division of Revenue, which shall
manage the delinquent account on behalf of the transferring agency and credit to the
appropriate account of the transferring agency any debt collected. b. In order to assist the Division of Revenue in its centralized debt management responsibilities,
the chief administrative officer of each State department or agency, or their designee,
within 45 days following the conclusion of each fiscal year, shall provide to the
Director of the Division of Revenue in a format as the director shall determine, a
certified report of the inventory for the fiscal year of the total debt owed to the
department or agency so recorded on the department's or agency's records, debt owed
to and collected by the department or agency, debt owed but not collected within 90
days of recording of the delinquency, the amount of that delinquent debt not transferred
to the division, and the amount of the debt determined to be owed to the department
or agency during the last 90 days of the fiscal year.
Frequently Asked Questions About New Jersey § 52:18-40
What does New Jersey Statutes § 52:18-40 cover?
Section 52:18-40 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 52:18-40?
A common citation format is "New Jersey Statutes § 52:18-40" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 52:18-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.