New Jersey § 53:2-30

§ 53:2-30.

a. The division shall annually adopt a budget of its expenses for each year for the

purposes of its duties and responsibilities under P.L.2017, c. 324 ( C.32:23-229 et al.). Each budget shall be submitted to the Governor and the budget shall be adjusted

accordingly. b. After taking into account funds as may be available to the division from reserves,

federal grants or otherwise, the balance of the division's budgeted expenses for the

performance of its functions and duties under P.L.2017, c. 324 ( C.32:23-229 et al.) shall be assessed upon employers of persons registered or licensed pursuant

to P.L.2017, c. 324 ( C.32:23-229 et al.). Each employer shall pay to the State Treasurer, for placement within the General

Fund, an assessment computed upon the gross payroll payments made by that employer

to longshoremen, pier superintendents, hiring agents, and port watchmen for work or

labor performed within the port of New York district in this State, at a rate, not

in excess of two percent, computed by the division in the following manner: the division

shall annually estimate the gross payroll payments to be made by employers subject

to assessment and shall compute a rate thereon which will yield revenues sufficient

to finance the division's budget for the performance of those functions and duties

under P.L.2017, c. 324 ( C.32:23-229 et al.) for each year. That budget may include a reasonable amount for a reserve, but the amount shall

not exceed 10 percent of the total of all other items of expenditure contained therein. The reserve shall be used for the stabilization of annual assessments, the payment

of operating deficits, and for the repayment of advances made by the State, if any. c. The amount required to balance the division's budgeted expenses for the performance

of its functions and duties under P.L.2017, c. 324 ( C.32:23-229 et al.), in excess of the estimated yield of the maximum assessment, shall be certified

by the division, with the approval of the Governor, in proportion to the gross annual

wage payments made to longshoremen for work within the port of New York district in

this State. The Legislature shall annually appropriate to the division the amount so certified. d. The division may provide by regulation for the collection and auditing of assessments. In addition to any other sanction provided by law, the division may revoke or suspend

any license held by any person under P.L.2017, c. 324 ( C.32:23-229 et al.), or the person's privilege of employing persons registered or licensed hereunder,

for non-payment of any assessment when due. e. The assessment hereunder shall be in lieu of any other charge for the issuance

of licenses to stevedores, pier superintendents, hiring agents, and port watchmen

or for the registration of longshoremen or use of an employment information center. The division shall establish reasonable procedures for the consideration of protests

by affected employees concerning the estimates and computation of the rate of assessment.