How S 4420 changes current law

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This bill amends 2 section(s) of the New Jersey statutes: N.J.S.A. 40A:67-6; N.J.S.A. 40A:4-45.4.

• N.J.S.A. 40A:67-6

  an amount to be raised by taxation, which shall be conveyed to the Board of Taxation in each participation county within 15 days of the adoption of the budget; (Deleted by amendment, P.L. , c. ) (3) and, if determined by a separate formula, the apportionment of any debt service pursuant to the inter-county agreement ⟦INS⟧, as introduced by January 26th of each year,⟦/INS⟧ the proportional share for each county shall be conveyed to the appropriate County Board of Taxation, to be used to calculate the amount of taxes to be levied in each of the participating counties. These taxes shall be assessed, levied, and collected within the respective taxing districts in the manner prescribed by law and in each local budget year in which the function of a county jail is transferred from the county government to the authority, the county shall deduct from its final appropriations upon which its permissible county tax levy is calculated, the amount which the county expended for that function during the last full budget year it was included in the county budget ⟦INS⟧certify that⟦/INS⟧ → and be on a fiscal year beginning on January 1 and ending December 31 (Deleted by amendment, P.L. , c. ) (a) The proportional share of the inmates for each county and, if determined by a separate formula pursuant to the inter-county agreement, the apportionment of any debt service shall be applied to the total revenue needs in the authority's budget , as introduced by January 26th of each year, to determine the annual proportional share assessment for each county. The chief financial officer of the authority shall certify the proportional share for each county concerning what portion is for general operations and what portion is to support debt service. each portion of the total proportional share assessment for each participating county shall be conveyed to the respective county chief financial officer for inclusion in the county's annual budget (b) the portion of the proportional share assessment for each county pertaining to debt service shall be an eligible cap exception pursuant to subsection aa. of section 4 of P.L.1976, c.68 (C.40A:4-45.4) for each participating county; and when examining the annual budget of a participating county, the Division of Local Government Services in the Department of Community Affairs shall certify that determine whether the amount of the proportional share assessment , as certified by the chief financial officer of the authority, is included as an appropriation in each participating county's annual operation budget, as a condition of State approval for budget adoption, pursuant to the "Local Budget Law," N.J.S.40A:4-1 et seq.

  amended

• N.J.S.A. 40A:4-45.4

  % % . . . . . . . . . . . % → percent percent ; aa. Amounts certified by the chief financial officer of a regional rehabilitation and reentry center authority as the county's share of the proportional share assessment pertaining to debt service for the authority, as specified pursuant to subsection o. of section 6 of P.L.2023, c.346 (C.40A:67-6) percent

  amended