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N.J.S.A. § 54:4-122.9.

Official tax receiving agency; designation of bank or trust company; rules and regulations

Official textNew Jersey Statutes Annotated (Tax)lis.njleg.state.nj.uslast amended
Summarize

a. The local governing body of any municipality may, by resolution, from time to time designate a bank or trust company as "Official Tax Receiving Agency of (insert name of municipality)," to receive current tax payments, current water and sewer rents, and other public moneys under the supervision of the tax collector of the municipality; and the local governing body shall have power to contract for the payment of a reasonable fee for such service. The local governing body shall designate a bank or trust company commonly and generally used by residents of the municipality and shall give preference to any one of such institutions as offers to render the service for the lowest net cost to the municipality. In the event that two or more such offers are equal, preference shall be given to the bank or trust company that has been the holder of the larger aggregate amount of the municipality's evidences of indebtedness during the period of 12 months next preceding.

b. The Director of the Division of Local Government Services shall establish, in accordance with the "Administrative Procedure Act," (P.L.1968, c. 410; C. 52:14B-1 et seq.), rules and regulations to be followed in municipalities adopting the provisions of subsection a. of this section, which shall include, but not be limited to:

# (1)

Procedures for the appropriate and timely notification of taxpayers of any such designation made;

# (2)

Provisions for the exercise of the supervision of the tax collector over the receipt by the designated bank and trust company of public moneys as required under this section; and,

# (3)

Requirements or restrictions concerning the holding, use, accounting, reporting, and payment to the municipality, of public moneys received by such a designated bank or trust company.

L.1940, c. 257, p. 971, s. 9. Amended by L.1979, c. 402, s. 1, eff. Feb. 8, 1980.

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In this chapter (40 sections)
  1. 54:4-117. · When settlement prohibited
  2. 54:4-118. · Not to be at variance with law
  3. 54:4-119. · Owner to pay all expenses
  4. 54:4-120. · "Municipal charges" defined
  5. 54:4-121. · Other laws unaffected
  6. 54:4-121.1. · Poll tax, cancellation of
  7. 54:4-122. · May compromise, adjust or cancel cemetery assessments
  8. 54:4-122.1. · Receipt and custody of municipal tax collections and…
  9. 54:4-122.10. · Office deemed vacant on collector's failure to give bond
  10. 54:4-122.11. · Release of surety on tax collector's bond from future…
  11. 54:4-122.12. · Findings and order of State Board on release from bond
  12. 54:4-122.13. · Rules and regulations
  13. 54:4-122.14. · Application of Act
  14. 54:4-122.2. · Definitions
  15. 54:4-122.3. · Deposit of tax collections and other public moneys in…
  16. 54:4-122.4. · Bond of municipal collector; conditions
  17. 54:4-122.5. · Penalty of collector's bond; minimum penalties;…
  18. 54:4-122.6. · System of internal checks in lieu of minimum penalties
  19. 54:4-122.7. · Quarterly list of delinquents; verification of…
  20. 54:4-122.8. · Tax bill receipting machine; approval; access; duties of…
  21. 54:4-122.9. · Official tax receiving agency; designation of bank or…
  22. 54:4-123. · Receiver of rents and income from real property in…
  23. 54:4-124. · Receiver's agent to collect rents and income and manage…
  24. 54:4-125. · Fees not to be allowed to receiver or counsel
  25. 54:4-126. · Expenses in connection with operation of property; payment
  26. 54:4-127. · Real property sold or to be sold for delinquent taxes as…
  27. 54:4-128. · Facts to be established; verification of complaint, effect
  28. 54:4-129. · Appeal from or contest of taxes assessed and levied;…
  29. 54:4-130. · Discharge of receiver; abatement of receivership…
  30. 54:4-131. · Intervention by collector when receiver in possession in…
  31. 54:4-132. · Remedy as cumulative
  32. 54:4-133. · Exceptions to application of Act
  33. 54:4-134 · Application of refund to delinquency
  34. 54:4-135. · Construction of act
  35. 54:4-136. · Application of act
  36. 54A:4-1 · Resident credit for tax of another state
  37. 54A:4-1.1 · Resident taxpayer, income, wage tax refund denied, appeal,…
  38. 54A:4-1.2 · Regulations
  39. 54A:4-2. · Credit for taxes withheld, paid by S corporation
  40. 54A:4-4. · Credit in lieu of refund of unemployment compensation…
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