N.J. Admin. Code § 15:27-2.11

Current through Register Vol. 56, No. 24, December 18, 2024

Section 15:27-2.11 - Evaluation of unrestricted donations to the Cultural Trust

(a) Upon receipt, review and acceptance of the unrestricted donation, the Board shall:

1. Certify to the State Treasurer that the donation is consistent with the terms of the New Jersey Cultural Trust Act and request a transfer in the amount of the value of the donation from the Trust Account to the Trust Fund; and

2. Notify the donor in writing that the donation has been approved and certified and document the results of this process.

N.J. Admin. Code § 15:27-2.11