N.J. Admin. Code § 5:33-1.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 5:33-1.2 - Bank collection of tax payments

(a) Any municipality adopting a resolution to contract for services in connection with 54:4-122.9 shall, prior to adoption, obtain written advice from the municipal auditor who shall review the proposed contract for compliance with law, any relevant rules, and proper internal control procedures. Within three days of adoption of such a resolution, the Municipal Clerk shall submit a certified copy of the resolution and report of the auditor to the Director of the Division of Local Government Services. Unless action is otherwise taken by the Director within 30 days of receipt, the resolution shall be deemed approved. Such contract shall include detailed procedures to be used in implementing procedures to receive and deposit funds, forwarding of back-up materials to the collector, holding of funds, audit trails and all other information required for evaluation of the proposed system.

(b) The bank, savings bank or trust company designated by any resolution to receive current tax payments, current water and sewer rents, and other public moneys must be designated as an official depository in accordance with 40A:5-14.

(c) Any municipality which has contracted with a bank, savings bank or trust company under 54:4-122.9 shall notify all taxpayers at least once annually that such a service has been contracted. Notification must be made by mail to all taxpayers at least 30 days prior to the next payment due, payable and subject to possible receipt by such bank, savings bank or trust company agent, following the designation of such agent.

N.J. Admin. Code § 5:33-1.2

Amended by R.1992 d.426, effective 10/19/1992.
See: 24 New Jersey Register 2766(a), 24 New Jersey Register 3723(c).
Definitions at (d) for "current" and "delinquent" deleted.
Amended by R.1995 d.490, effective 9/5/1995.
See: 27 New Jersey Register 2132(a), 27 New Jersey Register 3328(b).