52:27C-92 - Status of New Capital Sources Board
52:27C-92 Status of New Capital Sources Board.
32. a. The New Capital Sources Board established pursuant to P.L.1995, c.293 (C.34:1B-107 et seq.), is transferred in but not of the Department of the Treasury, but notwithstanding this transfer, the New Capital Sources Board shall be independent of any supervision and control by the department or by any board or officer thereof.
b.Whenever, in any law, rule, regulation, order, contract, document, judicial or administrative proceeding or otherwise, reference is made to the New Capital Sources Board, the same shall mean and refer to the New Capital Sources Board in but not of the Department of the Treasury.
c.This transfer shall be subject to the provisions of the "State Agency Transfer Act," P.L.1971, c.375 (C.52:14D-1 et seq.).
L.1998,c.44,s.32.